Goods and Services Tax (GST) is a value-added tax that is levied on the sale of goods and services in India. GST is an indirect tax, which means that it is collected by the government from the end consumer of the product or service. In some cases, businesses may want to revoke the cancellation of their GST registration. In this article, we will provide a beginner’s guide to revoking GST cancellation.
What is GST Cancellation?
GST cancellation is the process of deregistering a business from the GST system. The reasons for GST cancellation may vary from business to business, but some common reasons include:
- The business is no longer operational
- The business has been sold or merged with another business
- The business has not filed GST returns for an extended period
- The business has been non-compliant with GST regulations
When a business cancels its GST registration, it is no longer required to pay GST or file GST returns.
How to Revoke GST Cancellation?
If a business wants to revoke its GST cancellation, it can do so by following the below steps:
Step 1: Log in to the GST portal using the business’s credentials.
Step 2: Go to the ‘Services’ section and click on the ‘Application for Revocation of Cancelled Registration’ option.
Step 3: Fill in the required details such as the GST registration number, the reason for revocation, and any other relevant information.
Step 4: Upload the required documents such as the business’s PAN card, proof of address, and any other relevant documents.
Step 5: Submit the application, and the system will generate an Application Reference Number (ARN).
Step 6: Once the application is submitted, the GST officer will review the application and either approve or reject it.
If the application is approved, the business’s GST registration will be reinstated, and the business will be required to pay GST and file GST returns as per the regulations.
Documents Required for Revoking GST Cancellation
When revoking GST cancellation, the following documents are required:
- PAN card of the business
- Proof of address of the business
- Bank statement or a canceled cheque of the business
- Proof of the appointment of an authorized signatory (in the case of a company)
Note: The documents required may vary depending on the reason for revocation of GST cancellation.
Revoking GST cancellation is a straightforward process, and businesses can do so by following the steps outlined above. It is essential to ensure that all the necessary documents are in place, and the application is filled in correctly to avoid any delays in the approval process. revocation of cancelled gst registration is beneficial for businesses that want to resume operations or have become compliant with GST regulations. It is always advisable to consult a tax professional or GST expert if there are any doubts or queries about revoking GST cancellation.