Things To Check Before You Apply For GST Cancellation

If you’re planning to shut down your business or stop operations that require GST, you might be thinking about GST Registration Cancellation . It’s a good move if your business is no longer active or if GST is no longer applicable to your activities. However, before you click the cancel button, there are a few things you should definitely check. This will save you from any unwanted trouble in the future. Let’s go over the simple things you need to keep in mind before you apply for cancellation. 1. Are You Sure You Don’t Need GST Anymore? 2. File All Pending Returns 3. Clear Any Pending Dues 4. File GSTR-10 – Final Return 5. Keep a Copy of All Documents 6. Check for Business Closure or Change in Structure 1. Are You Sure You Don’t Need GST Anymore? This might sound basic, but it’s important. Ask yourself: “Do I still need GST for anything I plan to do in the near future?” For example, if you’re switching from a regular business to freelancing or...