GST Surrender or Cancellation

The term Good and Services Tax(GST) was introduced by Indian government on 1st July 2017. This act was made to reduce the cascading effect of tax on goods and services. This law is very beneficial for all the business enterprises. GST is 15-digit PAN-based unique identification number and the first two digits represent the State Code followed by next 10 digits that represents the PAN of the applicant.

There are some cases in which GST cancellation is been done. The cancellation of GST is covered under Section 29 of the CGST Act and Rules 20 to 22 of the CGST Rules. Cancellation proceedings can also be issued if proper officer has reasons for the same. But in law we have heard the term latin term “Audi AlteramPartem” that means hear the other side first, the same things is implied in case of cancellation of GST registration.

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