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15.
Procedure for cancellation of TOT registration.
1) Where a TOT dealer ceases to carry on business,
that TOT dealer or his legal representative shall apply to the authority
prescribed on Form TOT 014 for cancellation of general registration within
fourteen days of the closure of business.
2) A TOT dealer may apply for cancellation of his
general registration at the end of any period of twelve consecutive months if his taxable turnover for that period does not exceed rupees three lakhs seventy five thousands
(Rs.3,75,000/-).
3) The authority prescribed shall issue an order
of cancellation of registration on Form TOT 015 to the TOT dealer who has
applied for cancellation, if satisfied that there are valid reasons for such
cancellation of registration.
4) The authority prescribed shall issue an order
on form TOT 016 to a TOT dealer, when refusing to cancel the general
registration number.
5) The authority prescribed shall issue a notice
on Form TOT 013 to a TOT dealer before compulsorily canceling the general
registration.
6) Cancellation of general registration shall take
effect from the end of the month in which the general registration is cancelled,
unless the authority prescribed orders the cancellation to take effect from an
earlier date.
7) The cancellation of a registration of any TOT
dealer shall not affect any liabilities under the Act or any requirement to
comply with any provisions of the Act until the date of cancellation of
registration.
8) Wherever any order of
cancellation or refusal to cancel an application is made, the TOT dealer shall
be given an opportunity of being heard.
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