Cancellation of GST Registration

The GST registration is mandatory to every person/business with an annual turnover of 20 lakhs or more and the person making the inter-state transactions of taxable goods/service however the person who is already registered can opt for GST Cancellation also in given scenarios:
1. If the annual turnover of the business falls under the threshold limit.
2. If the person discontinued the business.
3. If there is a change in the constitution of business.
4. If the person has transferred or merged the business with any other organization.