Query For Registered Trader Below 20lakhs


VSSR Kumar
watch_later 3 years, 4 months ago

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.  

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1 Answer

GST Payer watch_later 3 years, 4 months ago
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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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