21. Cancellation of Registration Certificate of a dealer compulsorily registered. -

(1) Where the appropriate assessing authority is satisfied that the gross turnover of sales of any registrant under section 24 of the Act has, for three successive years, failed to exceed the taxable quantum, he shall cancel the registration of the registrant.

(2) Where the appropriate assessing authority is satisfied that the liability of a registrant to pay tax under sub-section (1) or sub-section (2) of section 8 of the Act has ceased under sub-section (3) of that section, he shall cancel the registration of the dealer.