Hello Sir, Can new traders register under composition scheme even after July 21 Deadline or Govt will close this option.
Also, how much will be the penalty if a trader fails to register till july 30. Is this news correct -
It clarified that persons who fails to take registration before July 31st would face penal actions. The GST Laws were implemented by the Central Government on July 1st, 2017. “As per the GST laws, one is required to take registration on or before 30th July, 2017. All traders are requested to register now without waiting for the last date,” the statement said.
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