Registration under GST arises due to applicable terms and condition, but when changes had been made in such terms and condition and due to which applicable condition become invalid to the assesse then under such circumstances option to surrender of GST certificate will arise on suo-moto basis.
Such option will relieve the assesse from the compliances of GST law. However he will no longer enjoy Input Tax Credit in GST. Surrender process can be perform online through GST portal, for availing this benefit assesse has to file REG-16 with the required details and documents. GST officer will verify the application and issue an order in FORM GST REG-19, within 30 days from the date of application.