Goods and Services Tax (GST) registration is mandatory for businesses with a turnover exceeding Rs. 20 lakhs (Rs. 10 lakhs for businesses in North Eastern states). The GST registration can be cancelled by the tax authorities for various reasons, including non-compliance with GST laws or failure to file GST returns. If your GST registration has been cancelled, it is important to take steps to rescue it. In this article, we will discuss how to rescue your GST registration from cancellation.
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Determine the Reason for Cancellation
The first step in rescuing your GST registration is to determine the reason for cancellation. The tax authorities may cancel your registration for various reasons, such as non-filing of GST returns, non-compliance with GST laws, or non-payment of GST dues. Once you determine the reason for cancellation, you can take appropriate steps to rectify the situation.
2. File an Application for Revocation
If your GST registration has been cancelled, you can file an application for revocation of cancellation. The application must be filed within 30 days from the date of cancellation of registration. The application for revocation must be filed in Form GST REG-21 and must be accompanied by the necessary documents to support the request for revocation.
3. Rectify the Non-Compliance
If your GST registration has been cancelled due to non-compliance with GST laws or failure to file GST returns, it is important to rectify the non-compliance. You can do this by filing the necessary returns, paying the pending dues, and complying with the GST laws. Once the non-compliance is rectified, you can file an application for revocation of cancellation.
4. Attend the Hearing
After you file the application for revocation of cancellation, the tax authorities may call you for a hearing. It is important to attend the hearing and provide a satisfactory explanation for the non-compliance. You should be prepared to provide all the necessary documents and evidence to support your case.
5. Follow up with the Tax Authorities
After filing the application for revocation and attending the hearing, it is important to follow up with the tax authorities. You can do this by checking the status of your application online or by contacting the GST helpline. If the application is approved, your GST registration will be restored.
6. Consult with a GST Expert
If your GST registration has been cancelled, it is important to consult with a GST expert. A GST expert can provide valuable advice on the steps to be taken to rescue your GST registration. They can also assist you with the preparation of the necessary documents and representation before the tax authorities.
In conclusion, if your Revocation of Cancellation of GST Registration has been cancelled, it is important to take immediate steps to rescue it. You can do this by determining the reason for cancellation, filing an application for revocation, rectifying the non-compliance, attending the hearing, following up with the tax authorities, and consulting with a GST expert. By taking these steps, you can rescue your GST registration and continue to operate your business in compliance with the GST laws.
