I have not filed gst returns since sept 2019 and not done any business since september. I in complete loss and I want to shut down my company.how to clear,as I m not having any money due to bad debts.
pls guide me
First of all file all your Returns. Otherwise the assessing officer will cancel your registration in suo Moto for not filing returns more than 6 months.
If you had filed these returns before September then there will be no late fee nor penalty. But in this case you have to pay late fee..which will up to 10000 and perday 20 Rs.
file your returns then file your annual return then file cancellation and then file final return.
by following this procedure you can close your firm.
For more assistance and services:
Contact: Adv Vishal Yadav
Income Tax & Corporate Lawyer
Lex Baselious Law Chambers
lexbaselious @ gmail.com
9506682924
CAclubindia
