Cancellation of GST by Officer and Revocation of GST Cancellation

Category: Business

Read this Article- https://vjmglobal.com/gst/gst-notification/ Incorporation of penal provision in any kind of statute is a mandate to ensure that applicable person make compliance thereof. Similarly, the Goods and Service Tax (“GST”) law provides for various penal action for non-compliance of GST provisions. One such action is suo-moto cancellation of GST registration and Revocation of GST Cancellation by the proper officer. 1. Cancellation of GST Registration by proper officer 1.1 Grounds of Cancellation of GST Registration Section 29(2) of Central Goods and Service Tax Act, 2017 (“CGST Act, 2017”) provides for various grounds of suo-moto cancellation of GST registration by proper officer such as: Registered person contravenes provisions of GST Law or Any person paying tax under composition scheme failed to furnish GST returns for 3 consecutive tax periods Any registered person, other than person opting to pay tax under composition scheme, fails to file GST return for continuous periods of 6 months Any person who obtains voluntary registration under GST and not commences his business within 6 months from date of registration or Registration obtained by means of fraud, willful misstatement or suppression of facts. Read more on- https://vjmglobal.com/gst/gst-notification/