Cancellation of GST registration simply means that the taxpayer will not be a GST registered person any more. He will not have to pay or collect GST.
How do I know if my GST registration is Cancelled?
Step 1 – Go to GST Portal.
Step 2 – Go to 'Services' > 'Registration' > 'Track Application Status'.
Low Cost and Taxes- A Proprietorship with less than Rs. 2 lakhs of income is not required to pay any income tax, as Proprietorships are taxed as the individual owing the business. However, once, income of the business exceeds Rs. 10 lakhs per annum, there are no major advantages for a Proprietorship in terms of taxation.
Step 3 – Enter the ARN received by you on submitting GST Registration Application, Also enter the Captcha code and click on SEARCH.