(1) A certificate of registration granted to a dealer under sub-section (2) of section 24 shall be cancelled by the appropriate authority where such authority, after giving a reasonable opportunity to such dealer of being heard, is satisfied that —
(a) the dealer has ceased to carry on business or has ceased to exist, or
(b) the dealer has ceased to be liable to pay tax under sub-section (3) of section 10, or
(c) the dealer, after suspension of his certificate of registration under subsection (1) of section 28, has failed or neglected to pay the tax, penalty or interest for non-payment of which, or has so failed to furnish the return for non-furnishing of which, his certificate of registration has been suspended under that section.
(2) The cancellation of registration may be made on an application of the dealer or suo /nom on the satisfaction of the appropriate authority.
(3) The cancellation of registration shall take effect from the end of British calendar month in which the registration is cancelled unless the appropriate authority orders the cancellation to take effect on an earlier date.