watch_later 07/10/17

Sir, my turnover on trade is approx 10lakhs per annum and i got registered under GST also. Earlier, i had to get registered under VAT and subsequently got this GST number under composition . My query is, since my turnover is below 20L, am i supposed to pay 1% tax and is there any possibility of cancelling the GST number and free from these formalities.  

1 Response | Latest response: 08/10/17 | Sort by Likes(thumb_up) Recent | GST Reply
watch_later 08/10/17

Yes you can cancel registration any time after paying your liability.

Login to your GST portal with user id and password and apply for cancellation of registration.

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