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Annual return not file

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108 Points Joined November 2018
if a dealer whose turnover is more than 5 cr. not file any annual returns (9/9c) what would be implications? and max penalty?
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On 21 March 2022 at 12:30 Report
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Practice
1361 Points Joined June 2019
1. Late fees under sec 47(2) of Rs. 200 per day but maximum 0.25% of Turnover.

2. General panalty under sec 125 maximum upto 50000.
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On 21 March 2022 at 13:02
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Profession Business
28196 Points Joined May 2017
Pls furnish details
There are penalties under Income Tax act and gst act.
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On 21 March 2022 at 13:40
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CA
101 Points Joined October 2020

As per the penalty provisions of GSTR-9 and GSTR-9C, the taxpayers are liable to pay INR 200 per day which includes INR 100 for SGST and INR 100 for CGST.

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On 21 March 2022 at 16:17
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915 Points Joined July 2017
Ur client can avail ITC by filing gstr 01 and 3 b ,so no any negligence made from ur part. Hence maximum penalty not exceed 25000/- as specified u/s 125 of CGST act.
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On 21 March 2022 at 18:09

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