Section 29 – Cancellation of registration of CGST ACT, 2017<\/p>\n
29. (1) The proper officer may, either on his own motion or on an application filed by
\nthe registered person or by his legal heirs, in case of death of such person, cancel the<\/p>\n
registration, in such manner and within such period as may be prescribed, having regard to
\nthe circumstances where,\u2013\u2013
\n(a) the business has been discontinued, transferred fully for any reason including
\ndeath of the proprietor, amalgamated with other legal entity, demerged or otherwise
\ndisposed of; or
\n(b) there is any change in the constitution of the business; or
\n(c) the taxable person, other than the person registered under sub-section (3) of
\nsection 25, is no longer liable to be registered under section 22 or section 24.
\n(2) The proper officer may cancel the registration of a person from such date, including
\nany retrospective date, as he may deem fit, where,\u2013\u2013
\n(a) a registered person has contravened such provisions of the Act or the rules
\nmade thereunder as may be prescribed; or
\n(b) a person paying tax under section 10 has not furnished returns for three
\nconsecutive tax periods; or
\n(c) any registered person, other than a person specified in clause (b), has not
\nfurnished returns for a continuous period of six months; or
\n(d) any person who has taken voluntary registration under sub-section (3) of
\nsection 25 has not commenced business within six months from the date of
\nregistration; or
\n(e) registration has been obtained by means of fraud, wilful misstatement or
\nsuppression of facts:
\nProvided that the proper officer shall not cancel the registration without giving
\nthe person an opportunity of being heard.
\n(3) The cancellation of registration under this section shall not affect the liability of the
\nperson to pay tax and other dues under this Act or to discharge any obligation under this Act
\nor the rules made thereunder for any period prior to the date of cancellation whether or not
\nsuch tax and other dues are determined before or after the date of cancellation.
\n(4) The cancellation of registration under the State Goods and Services Tax Act or the
\nUnion Territory Goods and Services Tax Act, as the case may be, shall be deemed to be a
\ncancellation of registration under this Act.
\n(5) Every registered person whose registration is cancelled shall pay an amount, by
\nway of debit in the electronic credit ledger or electronic cash ledger, equivalent to the credit
\nof input tax in respect of inputs held in stock and inputs contained in semi-finished or
\nfinished goods held in stock or capital goods or plant and machinery on the day immediately
\npreceding the date of such cancellation or the output tax payable on such goods, whichever
\nis higher, calculated in such manner as may be prescribed:
\nProvided that in case of capital goods or plant and machinery, the taxable person shall
\npay an amount equal to the input tax credit taken on the said capital goods or plant and
\nmachinery, reduced by such percentage points as may be prescribed or the tax on the
\ntransaction value of such capital goods or plant and machinery under section 15, whichever
\nis higher.
\n(6) The amount payable under sub-section (5) shall be calculated in such manner as
\nmay be prescribed.<\/p>\n","protected":false},"excerpt":{"rendered":"
Section 29 – Cancellation of registration of CGST ACT, 2017 29. (1) The proper officer may, either on his own motion or on an application filed by the registered person or by his legal heirs, in case of death of such person, cancel the registration, in such manner and within such period as may be … Continue reading “Section 29 – Cancellation of registration of CGST ACT, 2017”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"_links":{"self":[{"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/posts\/180"}],"collection":[{"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/comments?post=180"}],"version-history":[{"count":1,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/posts\/180\/revisions"}],"predecessor-version":[{"id":181,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/posts\/180\/revisions\/181"}],"wp:attachment":[{"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/media?parent=180"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/categories?post=180"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/tags?post=180"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}