(1) If the registration of a registered person is canceled due to the conditions mentioned in sub-section (1) of section 11 of the Act, such registered person or his rightful owner in his absence, the registration will be canceled within thirty days from the date of the cancellation of the registration. If an application is submitted to the relevant tax officer with the tax statement as per Open Schedule-11 and the amount of tax to be paid attached, or if the relevant tax officer is convinced that the registration of the registered person should be canceled while the conditions mentioned in sub-section (1) of section 11 exist, the remaining tax amount The registration of such a person should be canceled and the information of the matter should be given to the concerned registered person or his/her legal representative and the department.
(2) According to sub-rule (1) after giving the application for cancellation of registration, the tax statement shall be submitted until the cancellation of registration is known or within 3 months.
(3) Within 3 months from the date of application for cancellation of registration, it will be the duty of the concerned tax officer to inform about the cancellation of the registration or not.
(4) Cancellation of taxpayers who are registered for value added tax but whose turnover is less than the limit of value added tax after the commencement of this sub-rule and the management of the remaining amount (credit) to match the tax of such taxpayers shall be in accordance with the procedure prescribed by the Director General.