Ravi SADhiyan (Practice) (4510 Points)
04 March 2021Dear All Member
My Turnover related to F.Y. 2019-20 is 40 Lakh ( Work Contract ) and i have not registered under GST.
Turnover related F.Y. 2020-21 is Rs. 19 Lakh
Kindly tells me whether GST Liability arise whole amount Rs. 39 Lakh exclude Rs. 20 Lakh or only Rs. 20 Lakh related to F.Y. 2019-20.
And Whether Penalty also levied or not
Amit Potadar
(Consultant)
(135 Points)
Replied 05 March 2021
Hi Ravi,
As per Sec 122 of CGST Act, if you fail to get registered under GST then penalty will be Rs 10,000 or Tax evaded whichever is Higher.
I am not sure we have come across the receipt of notice for non registration under GST till now.
If you receive notice for that minimum amount of penalty would be Rs 10,000.
CAclubindia
