Goods and Services Tax (GST) is an indirect tax levied on the supply of goods and services in India. GST is governed by the GST Council, and all businesses that come under the purview of GST are required to register under it. However, due to various reasons, a business may lose its GST registration status. In such cases, the business must take steps to regain its GST status. In this article, we will discuss the process of revoking GST registration and the steps to be taken to regain GST status.
Reasons for cancellation of GST registration
There could be several reasons for the cancellation of a business’s GST registration. Some of the common reasons are:
- Non-filing of GST returns for a continuous period of six months or more.
- Non-compliance with the provisions of the GST Act.
- Voluntary cancellation of GST registration by the business.
- Closure of business operations.
- Death of the proprietor or partner of the business.
- The business is no longer liable to pay GST.
Steps to revoke cancelled GST registration
Once the GST registration is cancelled, the business has to apply for revocation of the GST registration within 30 days of the cancellation. The process of revoking GST registration is as follows:
Step 1: Log in to the GST portal using the user ID and password.
Step 2: Go to the ‘Services’ tab and click on the ‘Registration’ option.
Step 3: Select the ‘Application for revocation of cancellation’ option.
Step 4: Fill in the required details and attach the necessary documents.
Step 5: Submit the application and keep a copy of the acknowledgement receipt for future reference.
Documents required for revocation of GST registration
To apply for the revocation of GST registration, the following documents need to be submitted:
- Application form for revocation of cancellation of GST registration.
- Copy of the GST registration certificate that was cancelled.
- Copy of the order cancelling the GST registration.
- A statement of all the supplies made and tax paid during the period of cancellation.
- The reason for non-filing of returns, if the GST registration was cancelled due to non-filing of returns.
- Any other document required by the GST officer.
Steps to regain GST status
Once the application for revocation of cancelled GST registration is approved, the business can start operating under the GST regime again. However, it is important to note that the business must ensure compliance with the GST Act and rules to avoid any future cancellations. Here are the steps to regain GST status:
Step 1: Update business details on the GST portal
Once the GST registration is revoked, the business needs to update its business details on the GST portal. This includes details such as the name of the business, the address of the business, and the bank account details.
Step 2: Obtain a new GST registration certificate
After updating the business details, the business needs to obtain a new GST registration certificate. This can be done by applying for a new GST registration on the GST portal.
Step 3: Ensure compliance with GST rules
Once the new GST registration certificate is obtained, the business must ensure compliance with the GST rules. This includes timely filing of GST returns and payment of GST dues.
Step 4: Maintain proper records
To avoid any future cancellations, the business must maintain proper records of all the transactions made under the GST regime. This includes invoices, bills of supply, and other relevant documents.
In conclusion, revocation of GST registration is an important process that businesses must follow to continue operating under the GST regime. The process of revoking GST registration involves submitting an application for revocation of cancellation of GST registration along with the required documents. Once the GST registration is revoked, the business needs to