Award Winning Accounting and Taxation Consultant in Ahmedabad (2024)
Revocation of GST Registration
(2176 Ratings) Top Service Provider in Gujarat and Maharashtra
- At Mantra and Co, we simplify the process of revoking your Goods and Services Tax (GST) registration. Our expert team is here to assist you in smoothly navigating the revocation procedure, ensuring compliance with all relevant regulations.
Satisfied Customers
2000
+
Companies Registered
0
+
GST Returns Filed Per Month
200
+
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What is GST Revocation?
GST revocation is the process of reinstating a previously cancelled Goods and Services Tax (GST) registration. It enables businesses whose GSTIN (GST Identification Number) has been deactivated—whether voluntarily by the taxpayer or involuntarily by tax authorities—to resume their standard business operations under GST regulations.
By successfully completing GST revocation, businesses can legally:
- Issue GST-compliant invoices
- Collect GST on sales
- Claim Input Tax Credit (ITC) on purchases
This ensures businesses remain compliant with tax regulations and continue their operations without disruption.
Rule 23: Revocation of Cancellation of Registration
Rule 23 of the Central Goods and Services Tax Rules, 2017, governs the revocation of GST registration. This rule outlines the conditions and procedure for reversing the cancellation of GST registration.
Key Points:
- Taxpayers can apply for revocation using Form GST REG-21.
- The application must be filed within 90 days from the date of the cancellation order (extended from the earlier 30-day limit).
Reasons for GST Cancellation
Cancellation Initiated by the Taxpayer:
- Business Closure: Permanent discontinuation of operations.
- Business Transfer: Transfer, merger, or sale of the business.
- Change in Structure: Changes in the legal entity (e.g., converting a partnership to a company).
- Turnover Below Threshold: Annual turnover below ₹40 lakh for goods or ₹20 lakh for services.
- Voluntary Cancellation: Decided by the taxpayer for personal or business reasons.
Cancellation Enforced by GST Authorities:
- Non-Compliance: Failure to file returns (6 consecutive months for regular taxpayers; 3 months for composition taxpayers).
- Fraudulent Registration: Misrepresentation or suppression of facts during registration.
- Violation of GST Laws: Significant or repeated non-compliance.
- Unauthorized Activities: Issuing fake invoices or engaging in fraud.
- Non-Commencement of Business: Failure to start business operations post-registration.
- Wrongful ITC Claims: Misuse of Input Tax Credit provisions.
Why GST Revocation is Crucial for Your Business
If your GST registration remains cancelled, it can lead to significant challenges:
| Impact | Details |
|---|---|
| Inability to Issue GST-Compliant Invoices | Legal restrictions on collecting GST may lead to customer loss. |
| Loss of Input Tax Credit (ITC) | Ineligibility to claim ITC on purchases increases costs and reduces market competitiveness. |
| Penalties for Unauthorized GST Collection | Collecting GST without registration attracts fines and legal repercussions. |
| Business Disruptions | A lack of valid GST registration harms customer and supplier relationships. |
| Loss of Credibility | Non-compliance damages reputation in the market. |
Key Considerations Before Applying for Revocation
- Outstanding Dues: Clear all pending tax liabilities, interest, penalties, and fees.
- Pending Returns: File all outstanding GST returns.
- Reversed ITC: Ensure unutilized ITC is reversed as per regulations.
- Compliance: Maintain necessary records for future audits.
Documentation Required for Revocation
| Required Document | Details |
|---|---|
| GSTIN and Login Credentials | Access credentials for the GST portal. |
| PAN Card | Permanent Account Number of the business or proprietor. |
| Proof of Address | Electricity bill, rental agreement, property documents, or municipal tax receipt. |
| Bank Account Details | Bank statement, passbook, or cancelled cheque in the business’s name. |
| Filed GST Returns | Copies of all pending returns for the inactive period. |
| Form GST REG-21 | Completed application for revocation. |
Our GST Revocation Service Process
At Mantra and Co, we handle the GST revocation process with precision and care.
Step-by-Step Process:
- Consultation: We assess your case and eligibility for GST revocation.
- Document Collection: Our team helps gather and verify all required documents.
- Application Preparation: We prepare and review your Form GST REG-21 application.
- Application Filing: The application is filed on your behalf via the GST portal.
- Application Tracking: We monitor the application status and address any queries from authorities.
- Revocation Order: Once approved, we provide you with the revocation order for your records.
Why Choose Mantra and Co?
- Expert Guidance: Our professionals ensure your application is accurate and complete.
- End-to-End Support: From consultation to final approval, we handle every step.
- Hassle-Free Process: We simplify complex procedures, saving you time and effort.
Get Started Today!
Restore your GST registration with ease. Contact Mantra and Co to reinstate your business operations seamlessly. Let us help you stay compliant and competitive in the market.