What is Consequences of business closure without surrendering GST registration?

If a business closes down but fails to apply for cancellation of its GST registration, it is still required to file GST returns. Failure to file "NIL" returns will lead to the accumulation of late fees and penalties.

Startup Example: A founder shuts down their startup but doesn't cancel the GSTIN. A year later, they receive a notice for accumulated late fees of thousands of rupees for non-filing of returns.

We assist with all closure and winding-up formalities.