Complete Guide to GST Registration Amendment, Cancellation, Revocation of Registration

The Goods and Services Tax (GST) is a unified tax system that has replaced the various indirect taxes levied by the Central and State Governments. GST registration is mandatory for businesses that have an annual turnover that exceeds a certain threshold. In this article, we will cover everything you need to know about GST registration, amendment, cancellation, and revocation of registration.

What is GST Registration?

GST registration is a process through which a business obtains a unique registration number to comply with GST regulations. GST registration is mandatory for businesses that have an annual turnover of over Rs. 40 lakhs. However, for businesses in special category states, the annual turnover threshold is Rs. 20 lakhs.

GST registration can be done online through the GST portal. Businesses need to provide their PAN number, mobile number, and email address to obtain a provisional registration number. Once the necessary documents are submitted, and the application is approved, a final GST registration number is issued to the business.

Amendment of GST Registration

GST registration details can be amended if there are any changes in the business structure, address, or contact details. The following changes can be made by filing an application in Form GST REG-14:

1. Changes in the trade name or legal name of the business

2. Changes in the address of the place of business

3. Changes in the contact details of the authorized signatory

Cancellation of GST Registration

GST registration can be cancelled if the business is closed, or if the annual turnover falls below the threshold limit. The following situations can lead to the cancellation of GST registration:

1. Voluntary cancellation of registration

2. Non-filing of returns for a continuous period of six months

3. Non-commencement of business within six months of GST registration

The GST officer can issue a show-cause notice to the business before cancelling the registration. The business can file a reply to the notice within seven days. If the reply is satisfactory, the registration will not be cancelled. Otherwise, the GST officer can pass an order cancelling the registration.

Revocation of GST Registration

GST registration can be revoked if it was cancelled by the business, or if it was cancelled by the GST officer. The following situations can lead to the revocation of GST registration:

1. Revocation of cancellation of registration

2. Any change in the constitution of the business

3. Transfer of the business to another person

The business needs to file an application in Form GST REG-21 for the revocation of GST registration. The GST officer can issue a show-cause notice to the business before approving the revocation application. The business can file a reply to the notice within seven days. If the reply is satisfactory, the registration will be revoked. Otherwise, the GST officer can pass an order rejecting the application.

Conclusion

GST registration is mandatory for businesses that have an annual turnover that exceeds a certain threshold. GST registration can be amended, cancelled or revoked under certain circumstances. Businesses need to comply with the GST regulations to avoid penalties and legal consequences.