TMI BlogApplication & Procedure for cancellationX X X X Extracts X X X X X X X X Extracts X X X X ..... om a Unique Identity Number has been granted under rule 17 seeking cancellation of his registration under sub-section (1) of section 29 shall electronically submit an application in FORM GST REG-16. Following information also furnished along with submitting application on the date from which the cancellation is sought, along with the application, relevant documents in support there ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nd capital goods held in stock on the day immediately preceding the date of such cancellation, or b) the out put tax payable on such goods Whichever is higher 2) In case of capital goods or plant machinery:- the taxable person shall pay an amount equal to the a) input tax credit taken on the said capital goods or plant machinery, reduced by such percentage points ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lation whether or not such tax and other dues are determined before or after the date of cancellation. Procedure for cancellation Of Registration Read with Rule 22 In the event, the proper officer has reasons to believe (Suo-moto cancellation) that the registration of a person is liable to be cancelled, a notice to such person in FORM GST REG-17 , requiring him to show cause, wit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e issued, cancel the registration, with effect from a date to be determined by him and notify the taxable person, directing him to pay arrears of any tax, interest or penalty. Effective date of cancellation:- The cancellation of registration shall be effective from a date to be determined by proper officer. He will directing to taxable person to pay arrears of any tax, interest or penalty inc ..... X X X X Extracts X X X X X X X X Extracts X X X X
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