09 March 2024
I am a composition dealer. I have not filed my GSTR4 from FY 2019-20 to FY 2022-23. However I have paid tax in CMP-08. I did not take advantage of the amnesty penalty waiver. Now I have to file my GSTR4 yearly return but it is showing penalty of Rs 10000 for per return. I cannot afford to pay Rs 10000 for 4 years i.e. Rs 40000. Is there any way to waive the penalty or can I make appeal for condonation delay or something like that. Also want to ask, what if I file the GSTR4 with some gap time like one after, two month after one by one. Will my GST registration get cancelled if I dont file GSTR4 presently. I have filed upto date CMP-08 with paying composition tax amount. I am very nervous and depressed due to this penalty amount. Please help me with your advice. Regards
12 March 2024
See as of now there is no waiver available. You did not take benefit of earlier waiver as you mentioned. As far as cancellation is concerned, section 29(2) provides for cancellation of GST registration on failure to furnish return for a FY beyond three months from the due date of furnishing returns. So by the wording used here it appears that the return for a FY refers to GSTR-4 which is filed annually.
CAclubindia
