A Gst dealer gstr3b and gstr1 nil filed from 01-01-22 to July -22 .if gst department verified sales and purchases transaction amounts through on bank mode pay amounts sales and purchases turnover treatment gst tax and penalty pay notice issued.
question
dealer tax and penalty pay compulsory.
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Bank transaction sales and purchases treatment
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Summary: Filing Nil returns when you have active business transactions is considered a violation of GST law. You will be liable to pay the unpaid tax, 18% interest, and mandatory penalties. The penalty amount will depend on whether the authorities categorize the oversight as a "genuine mistake" (10% of tax) or "fraudulent suppression" (100% of tax). It is recommended to rectify the filings and pay the dues immediately to minimize legal and financial exposure.
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