Non filing
Akhil (Student CA ) (1005 Points)
08 August 2020
sole prop. bus estb in mar....no return is filed till now....wat r the consequences
4 Replies
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 09 August 2020
You can file all pending Returns with tax payable along with applicable late fees (as it's limited to 500/Nil per month as the case may be up to 30th September, 2020) and interest, if any.
Otherwise, officer can issue show cause notice for non filing of return or also can do best judgement assessment, if required and cancel GST registration on it own.
Otherwise, officer can issue show cause notice for non filing of return or also can do best judgement assessment, if required and cancel GST registration on it own.
CA. Heet Shah
(Tax Consultant & Practitioner)
(6180 Points)
Replied 09 August 2020
The return needs to be filed for Mar April, May and June. Therefore late fees of would₹500/month would be payable over and above a Tax liability along with interest.
CA. Heet Shah
(Tax Consultant & Practitioner)
(6180 Points)
Replied 09 August 2020
U may receive a notice too from a proper officer stating cancellation of registration if no return is filed within period of 6 months.
CA. Heet Shah
(Tax Consultant & Practitioner)
(6180 Points)
Replied 09 August 2020
U may receive a notice too from a proper officer stating cancellation of registration if no return is filed within period of 6 months.
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