A taxable person whose GST registration is canceled or surrendered has to file a return in the form of GSTR-10. This return is called a final return.
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 a 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.
To cancel a GST registration, an application must be submitted on the GST Common Portal in FORM GST REG-16 along with the required information. On submission of an application for cancellation of GST registration, the GST officer is required to verify the application and issue an order in FORM GST REG-19, within 30 days from the date of application.
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