The taxpayer must submit an application in Form GST REG - 16 via the GST portal online in the event that they choose to voluntarily cancel their GST registration. The following information from the taxpayer is requested on the application form:-

cause of cancellation Date that the registration must be revoked as of Details of the entity to whom such transfer, de-merger has been entered with in the event that the firm is transferred, amalgamated, or demerged. Details of the most recent return filed

Amount of tax due on the inputs and capital goods held in inventory as of the cancellation date (Taxpayer must pay the department the higher of the input tax contained in the stock of inputs, semi-finished goods, finished goods, and capital goods or the output tax liability on such goods, whichever is higher) and the output tax due on those items. This is because the cancellation of a GST registration prevents the claimant from claiming an input tax credit on the existing inventory. Information on taxes paid, if any, via the cash ledger or credit ledger

The taxpayer must submit a final GST return in FORM GSTR 10 after the GST registration is revoked. Within three months of the date of cancellation on the GST portal, this form must be submitted. This document verifies that the taxpayer has paid off all of his GST obligations.