I registered for GST but cancelled later as my turnout was below the specified limit. I recently received an email from GST department that I need to submit final return. When I went to submit the return online I found that I need to pay 10K penalty. Is it possible to ask for a waiver of this penalty or do I have to pay it. Please advise. Thanks.
4 Replies
sabyasachi mukherjee
(27579 Points)
Replied 22 May 2022
If there is sale of goods and services /have you followed the process of cancellation of registration.
anand
(Accountant)
(51 Points)
Replied 22 May 2022
Yes, cancellation of registration was followed but I wasn't aware that final return needs to be filed.
Rajendra Prasad
(Employee Private)
(1867 Points)
Replied 23 May 2022
As per provision, has to pay penalty for delayed period. As per my knowledge no waiver.
CA Puja Sharma
(Chartered Accountant)
(5010 Points)
Replied 23 May 2022
Yes, the penalty must be paid to complete the GST surrender process.
Recent Topics
- Reporting in gstr9 of ITC of Previous year reverse
- Tax on Reimbursement of House Rent
- MAHARASHTRA CHARITY COMMISSIONER WEBSITE
- Explanation 3 to section 11(1) read with section 4
- Ammendment in Partnership On Death of Partner and
- TDS Provisions applicability Tax Audit Individual
- NAME CHANGE OF HUF
- Advisory for Reporting TDS Deducted by scrap Deale
- Section 194 J Technical Service/Professional Servi
- Solving of Export Related Problems
Related Threads
CAclubindia
