If you're a small or medium business owner or a startup founder in India, you need to be familiar with the Goods and Services Tax (GST) system. One of the most important aspects of GST is the GST registration process. In some cases, however, GST registration can be cancelled by the authorities. In this blog post, we will discuss the revocation of cancellation of GST registration in India.
GST registration is mandatory for businesses with an annual turnover of more than Rs 20 lakh. Businesses that fail to register for GST or fail to comply with the GST regulations may face the cancellation of their GST registration. When the registration is cancelled, the business is no longer authorized to collect GST from its customers or claim input tax credit on its supplies.
The GST registration can be cancelled either by the GST officer or the registered person. A GST officer may cancel the registration if the registered person is not carrying out any business activities or if the registered person is not furnishing the required returns for a continuous period of six months. On the other hand, a registered person can cancel their GST registration if they are closing down their business or if they are no longer liable to pay GST.
If your GST registration has been cancelled, you can apply for revocation of cancellation of GST registration. The revocation application must be filed within 30 days from the date of service of the cancellation order. The application must be filed using Form GST REG-21.
You must provide a valid reason for revocation of cancellation of GST registration in your application. For example, if your registration was cancelled because you failed to file returns, you must explain why you were unable to file the returns and provide evidence to support your claim. If the GST officer is satisfied with your application, they may revoke the cancellation of your GST registration.
Along with the revocation application form, you must also submit certain documents to support your application. The required documents may vary depending on the reason for cancellation of your GST registration. Generally, you will be required to submit the following documents:
1. Copy of the cancellation order
2. Evidence of payment of tax dues
3. Evidence of filing of returns
4. Any other document as may be specified by the GST officer
Revocation of cancellation of GST registration can be a complex process, but it is an important one for businesses that want to continue operating. If your GST registration has been cancelled, you should consult with a qualified GST expert to guide you through the process of revocation. By following the correct procedures and providing the necessary documentation, you can increase your chances of having your GST registration reinstated.
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