Hi One of our client has taken GST Registration on July '17 but he hasn't filled his returns till date under Regular tax payer. So please suggest that whether he has to pay the tax with interest if yes how much will come?
Or can we cancel the GST registration pls suggest
5 Replies
Vatsla Alagh
(1545 Points)
Replied 07 September 2018
If ur client has sales, file all returns with payment of interest and late fees. If no sales then file NIL return with payment of late fees only. For cancellation also, NIL return is req to be filed
Vinod Babu
(24191 Points)
Replied 07 September 2018
Without filing returns and clearing your liabilities, you cant cancel your gst registration.
Better file returns with late fee. interest is also need to be paid if any liabilities exist.
Better file returns with late fee. interest is also need to be paid if any liabilities exist.
Emerson.C
(Asst., Manager)
(218 Points)
Replied 07 September 2018
could you pls tell me that's approximately how much interest Will be charged from last july'17 to July'18
Rohit Tibrewal
(Student & Senior Accountant)
(3193 Points)
Replied 07 September 2018
Approximately of Rs. 1,05,000 if pay within 10th of September, 12,000*5+11,500+10,000+8,500+7,000+5,500,4,000+2,500+1,000=1,10,000/- Maximum amount.
Emerson.C
(Asst., Manager)
(218 Points)
Replied 07 September 2018
can you give above details with month wise break up for my better understanding pls
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