(1) The tax officer may cancel the registration of a registered person in any of the following cases:-

(a) if it is an organized body, if such organized body is closed, sold or transferred or any other If the existence of such an organized entity ceases to exist in any way,

(b) in case of individual ownership, in case of death of the person having such ownership,

(c) in case of partnership, in case of dissolution of such partnership,

(d) If the registered person ceases to carry on taxable business,

(e) In case of registration by mistake.

(1A) In cases other than those mentioned in sub-section (1), voluntarily A small business person who has registered a business cannot cancel the registration of his business voluntarily until one year has passed from the date of registration of the business. After the completion of one year of the registration of the business, a small business person who wants to cancel the registration of such business can apply to the relevant tax officer for the cancellation of the registration as prescribed. If such an application is received, the relevant tax officer shall cancel the registration of such business.

(2) The procedure related to cancellation of registration shall be as prescribed. Tax will be determined and recovered as prescribed on the remaining balance (including capital goods).