How to Cancel Gen GST Software

To cancel a GST registration using the guidance relevant to the process, even though the Gen GST Software itself does not directly handle the cancellation, here are the steps you need to follow on the GST portal:

Login to the GST Portal

• Navigate to the GST Portal and log in using your credentials.

Apply for Cancellation

• Go to the ‘Services’ tab, select ‘Registration,’ and choose ‘Application for Cancellation of Registration.’

Fill in the Details

• Provide necessary details such as the reason for cancellation, date of cancellation, and value/details related to the ITC of the inventory on the date of cancellation.
• If multiple businesses are registered within the same state, specify which business the cancellation is applied for.

Pay Liabilities and File Returns

• Make the payment of any pending dues, including taxes, interest, or penalties.
• File all pending returns up to the date of cancellation.

Verification and Submission

• Verify the information submitted in the application form using a Digital Signature Certificate (DSC) or Electronic Verification Code (EVC).
• Submit the completed application.

ARN Generation

• After submission, an Acknowledgement Reference Number (ARN) is generated. Use the ARN to track the status of your application.

Officer’s Review

• A GST officer will review the cancellation application. If additional information is needed, they may request it through the GST portal. Respond promptly to any queries.

Issue of Cancellation Order

• If the officer is satisfied, a cancellation order will be issued using Form GST REG-19, specifying the effective date of cancellation.

Final Return

• After the cancellation of GST registration, you must file a final return in Form GSTR-10.

Additional Details Required in the Application

• Updated contact details, including mobile number and email address.
• The reason prompting the cancellation.
• The preferred date for cancellation.
• A detailed breakdown of values and taxes related to stock inputs, semi-finished goods, finished products, and capital assets like machinery.
• Specifics related to the most recent GST return filed, along with the ARN of that return.

By following these steps, you can ensure the proper cancellation of your GST registration. The Gen GST Software can help you manage and file your GST returns, but the actual cancellation process must be done through the GST portal.