It simply means that a registered taxpayer shall not be registered under the GST Act anymore, neither paying nor collecting GST. The GST registration certificate or the number can be applied for cancellation due to wrongly registration under GST, if the annual turnover of your company is not more than 20 lacs (unregistered purchase and sale total), closing or shifting of business/profession, or any other valid and applicable reason. - https://corpbiz.io/gst-registration

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