Hello Experts,
I hope you all are doing well. I am reaching out for advice regarding my GST situation. My GST registration as a proprietor was canceled suo motu due to non-filing of returns. Currently, I am a partner in a new company, and while applying for a new GST registration, I received a notice requiring me to file all returns from November 2017 to November 2019, along with the Final Return (GSTR 10).
During that period, I did not carry out any business activities. When I attempted to file a nil return, I discovered a penalty of ₹10,000 for November 2017, with a similar penalty likely for each subsequent month. This means I could potentially face penalties totaling around ₹2.4 lakhs for the two-year period.
Given these circumstances, I would like to ask:
- Are there any possibilities for a waiver of these penalties?
- Will the upcoming GST amnesty scheme starting from November 1 help in this situation?
I appreciate any insights or advice you can provide on how to navigate this issue.
Thank you!
Best regards,
Jayakumar
CAclubindia
