Businesses Can Now Cancel Registration On GSTN Portal

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Businesses which have migrated to the GST regime but wish to cancel their registration can do so now on the GSTN portal. The utility named 'Cancellation of Registration of Migrated Taxpayer' has been launched today on the GST Network (GSTN) portal, its CEO Prakash Kumar said.

    There are over one crore registered taxpayers in Goods and Services Tax (GST) regime. These include over 72 lakh businesses which have migrated from the earlier excise, service tax or VAT regime, and 28 lakh fresh registrations.

    Businesses Can Now Cancel Registration On GSTN Portal

    "Migrated businesses with turnover up to Rs 20 lakh who have not issued invoice can cancel their registration on the portal now," Kumar said.

    The utility REG 29 is available on the portal just below the profile section once a taxpayer logs into GSTN.

    Since only over 50 lakh businesses on an average file returns every month, it is felt that there would be many businesses which do not need to file the return and pay taxes under GST regime, which kicked in from July 1. Businesses with turnover up to Rs 20 lakh are exempt from GST.

    Goodreturns.in

    Read more about: gstn gst
    Story first published: Thursday, October 26, 2017, 12:54 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'
    India's LARGEST EVER political poll. Have you participated yet?

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more