Sometimes a person thinks that if he is not working in GSTIN it is better to get the registration cancelled to get rid of all the compliance but is it so? Take a look on the compliance which still need to be done after cancellation of GST:-

• Annual return (GSTR-9) must be filed even after the cancellation of GST registration.
• GSTR -9C (if applicable) will be conducted for the period in which GST registration was alive.
• Business need to file GSTR-10 within three months from the date of cancellation or date of cancellation order whichever is later. Any deviation in filing will attract a penalty of Rs. 10,000.
• Input tax credit availed on the goods which are in stock before a day of cancellation must be reversed in ITC-03.
• Any input tax credit taken on capital goods must be reversed on pro-rata basis taking life of a capital goods as 5 years.