Amendment status not verified — confirm the current text below against the official source.
(l ) The proper oflicer moy, either on his own motion or on on opplico- tion filed by the registered person or by his legol heirs, in cose of deoth of such person, concel the registrotion, in such monner ond within such period os moy be pre- scribed, hoving regord to the cir- cumstonces where,- Amendment d registrotion. Concellotion d registrotion. t43 (o) the business hos been discontinued, tronslerred fully for ony reoson including deoth of the proprietor, omolgomoted with other legol entity, demerged or otherwise disposed of; or (b) there is ony chonge in the constitution of the business; q (c) the toxoble person, other thon the person registered under sub-section (3) of section 25, is no longer lioble to be registered under section 22 or section 24. (2) The proper officer moy concelthe registrotion of o person from such dote, including ony retrospective dote, os he moy deem fit, where,- (o) o registered person hos controvened such provisions of the Act or the rules mode thereunder os moy be prescribed; or (b) o person poying tox under section 10 hos notfurnished returns for trree consecutive tox periods; or (c) ony registered person, other thon o person specified in clouse (b), hos not furnished returns for o continuous period of six months; or (d) ony person who hos token voluntory registrotion under sub-section (3) of sedion 25 hos not commenced busi- ness within six months trom the dote of registrotion; or 111 (e) registrotion hos been obtoined by meons offroud, wilful misstotement or suppression offocts: Provided thot the proper officer sholl not concel the registrotion without giving the person on opportunity of being heord. (3) The concellotion of registrotion under this sedion sholl not offed the liobility of the person to poy tox ond other dues under this Act or to dischorge ony obligotion under this Act or the rules mode thereunderfor ony period prior to the dote oI concellotion whether or not such tox ond other dues ore determined before or ofter the dote of concellotion. (4) The concellotion of registrotion under the Centrol Goods ond Services Tox Act sholl be deemed to be o concellotion of registrotion under this Ad. (5) Every registered person whose registrotion is concelled sholl poy on omount, by woy of debit in the electronic credit ledger or electronic cosh ledger, equivolent to the credit of inputtox in respect of inputs held in stock ond inputs contoined in semi-finished or finished goods held in stock or copitol goods or plont ond mochinery on the doy imme- diotely preceding the dote ofsuch concellotion or the output tox poyoble on such goods, whichever is higher, colculoted in such monner os moy be prescribed: t15 Provided thot in cose of copitol goods or plont ond mochinery, the toxoble person sholl poy on omount equolto the inputtox credittoken on the soid copitol goods or plont ond mochinery, reduced by such percentoge points os moy be prescribed or the tox on the tronsoction volue of such copitol goods or plont ond mochinery under section 15, whichever is higher. (6) The omount poyoble under sub- section (5) sholl be colculoted in such monner os moy be prescribed.