There are a number of reasons why a business may wish or be obliged to cancel its GST registration. The main reasons for doing so are as follows:
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•ÌýÌýÌýÌý Transfer of a going concern.
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Where the whole of a business is transferred as a going concern to a new owner, the buyer can choose to:
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–ÌýÌýÌýÌý apply for a new GST registration number; or
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–ÌýÌýÌýÌý apply for the old GST registration number to be transferred to it.
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•ÌýÌýÌýÌý Ceasing to trade.
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If trading has ceased and there is no prospect of it restarting,
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Web page updated on 24 Aug 2024 13:40