Registration, Goods and Services Tax - GST

[Ravikumar Doddi]

Sir,

Without knowing 20 lakhs exemption dealer has taken GST registration and now he wants to cancel the registration and he wants to avail first ₹ 20-00 lakhs exemption and then he wants to take registration after crossing threshold limit. When once registration is taken he has to charge GST from single rupee is it correct through his turnover actually not exceeded threshold limit. pl clarify, thanks in advance

Posts / Replies

[KASTURI SETHI]

Now you can get your registration cancelled at any time without waiting for the end of a financial year. The facility is available on common portal system. You may apply afresh for registration when you cross threshold exemption limit. No problem in this procedure as explained by you.

[Ravikumar Doddi]

Thanks kasthuri Sir

[YAGAY and SUN]

We endorse the reply of our Expert, i.e. "Kasturi Sir"

[Ganeshan Kalyani]

Registration number can be cancelled if turnover is below the threshold limit.