Goods and Services Tax (GST) was implemented in India on July 1, 2017, and since then it has been a game-changer for the Indian economy. GST registration is mandatory for businesses with an annual turnover of more than Rs. 20 lakhs. GST registration brings a host of benefits for businesses, including input tax credit, increased credibility, access to a larger market, and compliance with tax laws. However, businesses can also face the consequences of having their GST registration cancelled. In this article, we will discuss the road to revoking cancelled GST registration.
Cancellation of GST Registration
GST registration can be cancelled by the GST authorities for various reasons such as non-filing of GST returns, non-compliance with GST regulations, and providing false information during registration. When GST registration is cancelled, the taxpayer is required to pay any outstanding taxes, file the pending returns, and clear all dues before the cancellation order is issued.
Revocation of Cancelled GST Registration
If a GST registration has been cancelled, the taxpayer can apply for revocation of the cancellation within 30 days from the date of cancellation order. The application for revocation should be made in Form GST REG-21 on the GST portal.
The following are the steps to be followed to apply for revocation of cancelled GST registration:
Step 1: Log in to the GST portal with valid credentials
Step 2: Navigate to Services > Registration > Application for Revocation of Cancellation of Registration option
Step 3: Select the appropriate reason for revocation and provide the relevant details
Step 4: Attach the required documents, such as proof of payment of taxes and filing of pending returns
Step 5: Submit the application and wait for the GST officer to process the request
Once the application is submitted, the GST officer will verify the details provided in the application and the documents attached with it. If the GST officer finds any discrepancies, he/she may ask for further information or documents. In case there are no discrepancies, the GST officer will pass an order for revocation of cancelled GST registration.
Documents Required for Revocation of Cancelled GST Registration
The following documents are required to be submitted along with the application for revocation of cancelled GST registration:
- Form GST REG-21, duly signed and verified by the authorized signatory
- Copy of the GST cancellation order
- Copy of the GST registration certificate
- Proof of payment of taxes, such as GST challans, bank statements, etc.
- Proof of filing of all pending GST returns
- Any other document as required by the GST officer
Grounds for Revocation of Cancelled GST Registration
The GST officer may revoke the cancelled GST registration on the following grounds:
- Non-receipt of notice for cancellation of GST registration
- Improper verification of documents during cancellation of GST registration
- Genuine financial hardship faced by the taxpayer
- Technical glitches or system errors in the GST portal
- Any other reason deemed fit by the GST officer
GST registration is mandatory for businesses with a turnover of more than Rs. 20 lakhs, and it brings various benefits to businesses. However, if a GST registration is cancelled, the taxpayer is required to pay any outstanding taxes, file the pending returns, and clear all dues before the cancellation order is issued. If the taxpayer wants to continue doing business and wants to Revocation of Cancellation of GST Registration, he/she can apply for revocation of the cancellation within 30 days from the date of cancellation order. The application for revocation should be made in Form GST REG-21 on the GST portal, and the required documents should be attached. The GST officer will process the request and may revoke the cancelled GST registration on the grounds mentioned above.