When my cloth business was not performing well, I also cancelled my GST registration. In the event that a company goes out of business or does not generate the required amount of revenue, the GST registration may be permanently cancelled. In addition, if a business is not GST functional, a GST officer may potentially cancel the registration. But if you want to revoke the cancellation, you will have to submit a request form to the GST officer. Here’s everything about revocation of cancellation of GST registration.
Get answers to your every real estate query from the experts at NoBroker here.How to file revoke of cancelled GST registration?
The cancelling action can be overruled and the registration can still be in effect when a GST cancellation is revoked. This just happens when a tax official decides to individually revoke a taxable person's registration. A taxpayer may request the order be revoked within 30 days of obtaining the cancellation order. The methods on how to revoke GST registration cancellation are as follows:
What is the process for revocation of cancelled GST registration?
1) You must submit a request for revocation of cancellation in the form GST REG-21 within 30 days. Following the cancellation decision if a registered person's registration has been revoked by the appropriate officer.
2) If the GST Official is convinced, he or she may revoke the cancellation of registration by making an order in form GST REG-22. It can be done within 30 days of receiving the request. Revocation or cancellation of registration should include a written explanation.
3) The Officer may also make a decision in form GST REG-05 denying the revocation request and notifying the candidate. Before denying a request, the Official should write the user a display notice in GST REG-23. It must request an explanation as to why the request shouldn't be rejected.
4) The candidate should reply in form GST REG-24 within seven business days of receiving the notification. After receiving the applicant's explanation in form GST REG-24, the proper officer will make a decision within 30 days. Now you know how to revoke cancelled GST registration.
You are now aware of the process for revocation of cancellation of GST registration.
Read More: What is the GST rate on real estate? How to set off GST? Do You have to pay GST on land purchases? How to change the proprietor name in GST?Your Feedback Matters! How was this Answer?
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How to revoke cancelled GST registration?
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2022-09-08T17:14:21+00:00 2022-09-08T17:14:22+00:00Comment
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