Govt tightenss GST registration and cancellation rules; here’s what you need to know

The government recently came out with stringent rules for GST, where non-compliance would result in the cancellation of a taxpayer’s GST registration. The key objective of the government here is to curtail fraudulent business practices and the wrongful availing of the input tax credit by businesses. Notification 94/2020 was released on December 22, 2020. This notification has a list of amendments…