If voluntary GST registration is crushing you then why don’t you surrender it? Follow these 4 easy steps to surrender.

Once you have registered under the GST, you should follow the provisions. No matter you have registered your business under compulsory registration or voluntarily.

Here, in this article, I will help you to get rid from this unnecessary registration in 4 simple steps.

I want to help you because my few minutes of writing can save you from unjustified compliance.

Here are the 4 steps :

Step # 1: Check your eligibility 

Step # 2: File all of your pending returns.

Step # 3: Pay all of your GST dues

Step# 4: Go online and file form REG-16 - Application for the surrender of registration.

Check your eligibility:

Answer my these questions:

• Is your turnover of more than Rs 20 lacs?
• Are you doing inter-state sales?
• Are you doing any export or import?
• Do you plan to shut down your business or profession?
• Did you register less than a year before? 

If your answer to all of my above questions is “NO” then you are eligible to surrender your registration.

However, if you have other question that makes you feel that you are ineligible to surrender, then don’t hesitate, just ask me.

In your second step, you have to file all your returns.

Please submit all your pending returns before filing an application for cancellation. Whether it is GSTR-1 or GSTR-3B or any other return, please file them along with late fees, if any.

Filing all your pending returns is an indispensable step to surrender registration. Your GST officer will reject your application if he finds any pending return.

And then, clear all your pending GST dues.

Similar to the filing, paying your tax dues is also your responsibility. If you have any tax liability or any other obligation due, you can not proceed for the cancellation. 

If you have done all the above steps, then you are eligible to apply for surrender.

You have to make an application in Form REG-16. You should provide the following details with an application. 

1. GSTN,

2. Address of your principal place of business.

3. Tax payable in respect of inputs/capital goods in stock on the date of cancellation of registration,

4. Details of inputs/capital goods in stock

5. Details of tax paid

6. Particulars of last Return Filed 

7. Reasons for an application of surrender

Log in with your ID and password in GST portal. Go to ‘Services’, to 'Registration'. You will see 'application for cancellation of registration'. Click on it and fill all the required details.

If you have done all of the above steps, you have finished your part. The proper officer will issue you a confirmation of cancellation in Form REG-19.

If you have any questions, please feel free to comment.

Thank You.