Composite GST return for turnover less than 20 lac
This query is : Open
05 January 2021
My cousin filed composite GST till Mar 2019 for annual turnover around 13 lac. Since then he have not file GST return after hearing news that No GST required for turnover below 40 lac. Now when checked his GST account, its seen that 12 GST invoices in his firm name for FY 2019-20 (amount around 8 lac) and one invoice (50 thousand) for FY 2020-21. What should he do now ?
06 January 2021
Until you surrender the registration you have to file the returns even if it is nil.
Message likes :
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06 January 2021
Thanks for confirming. But will their be penalty for delayed GST payment.
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