Taxpayers can now withdraw their application for cancellation of registration (filed in Form REG-16) unless the tax officer has initiated action on it

A taxpayer who previously registered for the Goods and Services Tax (GST) and now desires to withdraw his registration can do so by filling out Form GST REG-16, GST Registration Cancellation Application.

⇒”On the gst.gov.in website, CBIC has posted an update about the registration of cancellation form REG-16. “Unless the tax officer has taken action on the application for cancellation of registration (submitted in Form REG-16), taxpayers can now withdraw their application.”

GST REG-16 Filing Requirements

In the following two situations, a taxpayer individual or entity’s GST registration can be cancelled:

⇒When a GST officer determines that a party has committed a GST violation, the officer will issue a notice to the party.

⇒By the taxpayer himself

When a taxpayer wants to terminate his or her GST registration, he or she must fill out Form GST REG-16. In any of the following situations, the same can be filed:

⇒The company has gone out of business or has been reduced in price.
⇒Because of a change in the constitution, the company’s PAN has been altered.
⇒GST is no longer payable by the taxed person.
⇒The taxable individual is no longer required to register for GST.
⇒There is no GST liability because it is a voluntary registration.
⇒The company has been sold, demerged, merged, or transferred.

If your firm meets any of these criteria, you can proceed to terminate your GST registration by following the processes outlined below:

How to File Form GST REG-16 on the Official Portal in Step-by-Step Instructions

The GST REG-16 application must be submitted online in the following format:

Step 1: Go to gst.gov.in to access the GST Portal.

Step 2: Create an account by entering relevant information.

Step 3: Navigate to Services > Registration > Cancellation of Registration Application.

Step 4: On the following page, the application form will be shown.

Step 5: Type in your address and hit the ‘Save & Continue’ button.

Step 6: From the drop-down menu, choose ‘Reason for Cancellation.’

Step 7: Enter the date on which your GST registration will be cancelled.

Step 8: If relevant, fill in the following information:

⇒Particulars of the tax charged on inputs used in semi-finished and completed goods
⇒Particulars of the tax to be paid on input stocks
⇒Particulars of the tax payable on capital goods in stock

Step 9: Fill in the details of any taxes you paid, if any.

Step 10: Make sure the verification box is checked. Choose an authorised signatory from the list and fill in the location (your location)

Step 11: Use EVC or DSC to double-check and verify the application. Click the ‘Submit’ button.

ARN will be sent to your registered email address and mobile number after you submit your application successfully.

Important Notes:

1.  If a registered taxpayer (single proprietor) dies, their legal heir or business successor must manually file an application for GST registration cancellation with the appropriate government.

2. It may take up to 30 days for the concerned officer to consider and issue the cancellation order after the GST registration cancellation application is successfully submitted.

3. On the GST Portal, go to Services > Registration > Track Application Status to check the status of your cancellation application in Form GST REG-16.