You may cancel your organisation’s GST registration if your organisation:
has been registered for at least 12 months
has a GST turnover of below $150,000, and
has applied for cancellation of the registration.
Under certain circumstances, your organisation’s GST registration may be cancelled if the registration has been in effect for less than 12 months.
Where your organisation has acquired a business asset on which you have claimed a GST credit, you may need to re-pay some or all the credit on cancellation of your GST registration.