Businesses can now cancel their GST registration on GST portal. Those who migrated to the GST but wish to cancel their registration can now do so. The utility named “Cancellation of Registration of Migrated Taxpayer” has been launched on Wednesday on GST portal.
Migrated businesses with upto turnover of INR 20 lakh who have not issued invoice can cancel their registration.
The utility REG 29 has been made available on the portal below the profile section which can be used for cancellation purpose.
There are over 72 lakh taxpayers migrated to GST from Service Tax, VAT or Excise and over 28 lakh fresh registrations under GST.