GST ANNUAL RETURN EXEMPTION
This query is : Resolved
TARIQUE RIZVI
(Querist)
13 September 2019
Respected Sir,
We should not be much pleased if we are exempted from Annual GST Return. There are negative impacts also of this exemption. Those who have filed GSTR-1 or GSTR-3-B with errors inadvertently won’t have any further chance to rectify the errors and finally the department will issue notices and issue demand note to pay as per the system.
I would appreciate few lines of comments from CA Club also on this issue
tks & rgds
We should not be much pleased if we are exempted from Annual GST Return. There are negative impacts also of this exemption. Those who have filed GSTR-1 or GSTR-3-B with errors inadvertently won’t have any further chance to rectify the errors and finally the department will issue notices and issue demand note to pay as per the system.
I would appreciate few lines of comments from CA Club also on this issue
tks & rgds
CA R SEETHARAMAN
(Expert)
14 September 2019
Yes, I agree with you Pay any such tax due through DRC 03 voluntarily to avoid penalty.
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