9911796707
TMI BlogCancellation or suspension of registration.X X X X Extracts X X X X X X X X Extracts X X X X ..... such period as may be prescribed, having regard to the circumstances where, (a) the business has been discontinued, transferred fully for any reason including death of the proprietor, amalgamated with other legal entity, demerged or otherwise disposed of; or (b) there is any change in the constitution of the business; or 4 [ (c) the taxable person is no longer liable to be registered under sectio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... han a person specified in clause (b), has not furnished returns for 6 [ such continuous tax period as may be prescribed ] ; or (d) any person who has taken voluntary registration under sub-section (3) of section 25 has not commenced business within six months from the date of registration; or (e) registration has been obtained by means of fraud, wilful misstatement or suppression of facts: Provide ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d Services Tax Act, as the case may be, shall be deemed to be a cancellation of registration under this Act. (5) Every registered person whose registration is cancelled shall pay an amount, by way of debit in the electronic credit ledger or electronic cash ledger, equivalent to the credit of input tax in respect of inputs held in stock and inputs contained in semi-finished or finished goods held i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... de Central Goods and Services Tax (Amendment) Act, 2018 w.e.f 01-02-2019 3. Inserted vide Central Goods and Services Tax (Amendment) Act, 2018 w.e.f 01-02-2019 4. Substituted vide Finance Act, 2020 dated 27-03-2020 w.e.f. 01-01-2021 before it was read as (c) the taxable person, other than the person registered under sub-section (3) of section 25, is no longer liable to be registered under section ..... X X X X Extracts X X X X X X X X Extracts X X X X
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