This is the final return that has to be filed declaring all outstanding tax liabilities and claiming such any remaining input tax credit.

This is an annual return summing up all the transactions for the financial year.

This reconciliation statement brings together all the GSTR-1 filed returns of a year with the annual return GSTR-9.

Through the GST portal using GST REG-16.

Details concerning GSTIN, PAN, and reasons for cancellation.

Supporting Documents:

Documents needed are proof for business closed down or if activities have been stopped.

Section 30 Compliance:

Verification of the application and the supporting documents by the tax officer.

On satisfying the approval, the officer shall make an order under subsection of Section 29 for the cancellation in form GST REG-19.

Normally, the period of cancellation comes into play after 30 days since the application is made.

All tax liabilities of the taxpayer, be it GST, TDS, and TCS, are to be paid before the cancellation is finally enforced.

An application for revocation can be submitted for cancellation in case of a change in circumstances using Form GST REG-21.

Even after cancellation, some liabilities would remain in subsistence, such as record maintenance for a specific period.

Sarat

December 23, 2024

4 min read

Content writer at RegisterKaro, specializing in business registration and compliance topics.