When a business closes down or falls below the GST threshold, the GST registration must be cancelled. Failure to cancel leads to continued compliance obligations and penalties. Kyra Tax handles voluntary GST cancellation including the mandatory GSTR-10 final return filing.
Key Benefits
Stop recurring compliance obligations
Avoid penalty for non-filing after closure
Proper legal closure of GST registration
ITC reversal calculation and compliance
GSTR-10 final return filing included
No further GST notices after cancellation
Documents Required
- GST registration certificate
- Last filed return acknowledgement
- Reason for cancellation
- Business closure proof if applicable
- Stock details as on cancellation date
Our Process
4
Cancellation Application
Frequently Asked Questions
What is GSTR-10?
GSTR-10 is the final return to be filed within 3 months of GST cancellation. It discloses ITC availed and stock held as on the cancellation date.
Can cancelled GST be reinstated?
Yes. If cancellation was initiated by the officer, the taxpayer can apply for revocation within 90 days of the cancellation order.
Can I re-register after cancellation?
Yes. After voluntary cancellation, fresh GST registration can be obtained at any time when business conditions require it.
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