Welcome to the official service page for GST Surrender (Cancellation of Registration). At GST Suvidha Center (Branch WB 093), managed by Purna Chandra Achary, we recognize that closing a business or changing its legal structure is a complex transition. While the Indian government has simplified many tax processes, surrendering a GSTIN (Goods and Services Tax Identification Number) remains a critical legal procedure that, if ignored, can lead to severe financial penalties and legal notices.
Our mission is to ensure that no business owner—whether a small shopkeeper or a large enterprise—is burdened by the technicalities of tax exit strategies. We provide a seamless, end-to-end GST Surrender service at nominal rates, ensuring your business closure is as smooth as its commencement.
Why You Might Need to Surrender Your GST Registration
Surrendering a GST registration is not just about “shutting down.” There are several legal and operational scenarios where cancellation becomes mandatory or highly advisable:
- Discontinuance of Business: If you are permanently closing your operations, you must legally notify the department to stop the cycle of monthly/quarterly return filings.
- Turnover Below Threshold: If your annual aggregate turnover has fallen below the mandatory limit (typically ₹40 Lakhs for goods and ₹20 Lakhs for services in most states), you may opt for voluntary surrender to save on compliance costs.
- Change in Business Constitution: If your business is moving from a Sole Proprietorship to a Partnership, or converting into a Private Limited Company, the old PAN-based GSTIN must be surrendered, and a new one must be obtained.
- Death of Sole Proprietor: In the unfortunate event of the owner’s demise, the legal heirs must apply for cancellation of the registration.
- Transfer/Merger of Business: If the business is sold, leased, or amalgamated with another entity, the transferor must surrender their existing registration.
- Continuous Late Fees: Even with zero business activity, failing to file “Nil” returns results in daily late fees that can accumulate into thousands of rupees over time.
- Suo Motu Cancellation: If you fail to file returns for six consecutive months (or three quarters for composition dealers), the GST Officer may cancel your registration “Suo Motu.” While this sounds like a “free” exit, it often comes with blocked Input Tax Credits (ITC) and difficulty in obtaining any future government licenses.
- Legal Summons: The GST department has the authority to issue notices and summons for non-compliance, which can lead to litigation.
- Impact on Credit Score: Persistent tax defaults can eventually reflect on business credit profiles, affecting your ability to take loans or start new ventures.
- Pending Returns: We ensure all GSTR-1 and GSTR-3B returns up to the date of surrender are filed.
- Liability Calculation: We calculate any pending tax, interest, or late fees.
- Stock Declaration: One of the most critical steps in GST surrender is declaring the stock of inputs and capital goods. You must pay an amount equal to the ITC availed on such stock.
- Reason for cancellation.
- Desired date of cancellation.
- Details of tax payable on stock.
- Address for future correspondence.
- GST Login Credentials (Username & Password).
- PAN & Aadhaar of the Authorized Signatory.
- Reason for Surrender (e.g., Sale deed, death certificate, or dissolution deed).
- Closing Stock Details: Value of raw materials, semi-finished goods, and finished goods as of the date of surrender.
- Latest Bank Statement: To verify the last transactions.
| Feature | Local Professionals | GST Suvidha Center (WB 093) |
|---|---|---|
| Pricing | Often high/variable | Reasonable & Nominal Rates |
| Tech Support | Manual/Outdated | Updated Mobile App & Portal |
| Team Size | 1-2 Persons | 170+ Backend Experts |
| Accuracy | Prone to manual error | GSP Approved Multi-level Verification |
| Final Return | Often charged extra | Comprehensive Exit Support |
Specialized Personalized Solutions
Our USP is providing highly personalized solutions. We understand that a small grocery shop in Budge Budge has different needs than a large manufacturing unit in Kolkata. Our Relationship Managers are trained to handle your specific case with the “Great Touch of Knowledge” that defines our brand.
Connect With Us Today
Don’t let an inactive GST number become a financial liability. Whether you are tech-savvy or prefer a hands-on approach, we are here to assist you via our mobile app, WhatsApp, or in-person at our Budge Budge office.
- Franchisee Name: Purna Chandra Achary
- Center Code: GSC WB093
- WhatsApp/Call: +91 9836812177
- Email: connect@pcachary.in
- Website: pcachary.in
Let us take the burden of compliance off your shoulders so you can focus on your next big venture.
