GST is known as the Goods and Services Tax, GST is levied on the sale of goods and services. Unlike previous indirect taxes, this tax is collected at the point of consumption and not at the point of origin. To summarize, GST is a comprehensive, multi-stage, destination-based tax that is levied on every value addition.
The law governing GST was passed in the parliament on the 29th of March 2017 and it was implemented across the country on the 1st of July 2017.
The GST law provides for two scenarios where the GST Registration may be cancelled:
♦ When the taxable person no more requires it (voluntary cancellation), or
♦ When the proper officer considers the Registration liable for cancellation in view of certain specified defaults (Suo-Motu cancellation).
In the case where registration is cancelled Suo-motu by the proper officer, the taxable person can apply of service of cancellation order, requesting the officer for revoking the cancellation ordered by him.