GST Costs of Cancelling a GST Registration

Thinking of cancelling your GST registration? Learn about the direct & indirect GST costs, including when closing a business.

In this session, we cover:

• Why is cancelling GST registration a big issue?

• Reasons for GST registration cancellations

• Basics of GST registration

• Steps when considering GST registration cancellation

• GST registration turnover

• Adjustment events and period of review

  • Change in use of acquisitions - Division 129

  • Application to private or domestic use - Division 130

  • Adjustments relating to going concerns

  • Adjustments upon registration cancellation

  • Gaps in adjustment events

• Capital assets and termination of the enterprise

• Key takeaways

Date recorded: 11 July 2025