22. Cancellation of Registration Certificate voluntarily registered. -

(1) Where any dealer registered under section 25 of the Act desires to apply for cancellation of the registration certificate, he shall send an application to the appropriate assessing authority not less than six months before the end of a year together with -

(i) a statement of his gross turnover of sales during immediately preceding three years; and

(ii) a declaration, whether or not -

(a) he manufactures or produces any goods for sale, or

(b) he imports for sale any goods from any place outside the state.

(2) If the appropriate assessing authority is satisfied that the registrant under section 25 of the Act is not liable to pay tax under section 8, section 9, or section 10 of the Act, he shall, on application made by such registrant under sub-rule (1), cancel the registration with effect from the first day of the year following the year referred to in that sub-rule:

Provided that where the appropriate assessing authority does not cancel the registration on or before the last day of the year during which the application for cancellation of the certificate is made, such certificate shall stand cancelled with effect from the first day of the following year.