Most persons or entities who supply goods and/or services in India have a GST registration. After obtaining GST registration, sometimes a GST registration may need to be canceled. Some of the most common reasons for cancellation of GST registration are the closure of business, no requirement to pay GST, transfer of business, change in the constitution and no business activity. Surrendering a GST registration will reduce the compliance requirement for the taxpayer, as GST returns would no longer have to be filed monthly.
GST registration can be canceled at any time due to various reason. You can easily cancel a GST registration through ShriAssociates.