Sundance 2024 Cancelled Suo-Moto. Suo moto cancellation of gst registration refers to the cancellation of gst registration under the gst act by the tax officer in his motion. When a taxpayer applies to have their registration canceled, or a tax officer initiates cancellation “suo moto,” the gstin will show as “suspended.”.
As per section 29 of cgst act, 2017, gst officer has the power to cancel. When a taxpayer applies to have their registration canceled, or a tax officer initiates cancellation “suo moto,” the gstin will show as “suspended.”.
Read On To Learn All About Suo Moto Gst Cancellation In This Blog.
In this article, we will discuss about the reasons due to which gst registration of dealer can be cancelled and how the same can be activated after suo.
The Gst Registration Can Be Canceled Suo Moto In Case Of The Following Contraventions By The Registered Persons.
Suo moto cancellation of registration may be initiated by the tax official for various situations as mentioned in the provisions of gst law like:
Suo Moto Cancellation Of Gst Registration Is Done By Tax Officer Upon Certain Conditions.
When a taxpayer applies to have their registration canceled, or a tax officer initiates cancellation “suo moto,” the gstin will show as “suspended.”.
Suo Moto Cancellation Must Have A Proper Reason, As Stated In Section 29 (2) Of The Cgst/Sgst Act, And Goods And Service Tax Registration Cannot Be Cancelled Without.
Suo moto cancellation is a significant action that impacts the taxpayer’s ability to operate under the gst regime legally.
