For purpose of section 22 of CGST Act 2017, what is the meaning of financial year?
Facts:
Client was registered under service tax and had 24 lakh turnover from April 2017 to June 2017.
GST turnover started in January 2018. No business was done from July 2017 to December 2017.
GST registration was taken from January 2018.
Question:
Is client liable to pay late fee for non filing of nil return of July 2017 to December 2017?
Financial Year is from April to March
Since you had registered under Service tax you must have migrated to GST..
In your case you must have filed returns for July to December also
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