23 January 2020
I have a company which is registered in GST as on 11th Dec 19. Has annula turnover of less than 1.5 crore Is it liable to submit gstr3b for Dec 19 and GSTR1 for Q3. Also, it has NIL revenue till dec , and also since it has a business of exempted GST category , will it be eligible for ITC on purchases made for the exempted goods supply ,
Since it has NIL 3B for Dec 19, can we skip it . or we submit post due dtae i.e 20th Jan , will late fee be charged ?
23 January 2020
If your GSTIN stands registered in the month of Dec and dashboard is showing December then you have to file december 3B as nil along with applicable late fees of Rs 20 per day of default. ITC cannot be taken in case of exempt supply.
CAclubindia
