a firm is failed to get registered under GST with in 30 days from the date when turnover crossed threshold limits. Around 9 months elapsed from that day. Now they want registration...
1. Can they get registration certificate now....guide me pls ?
2. What are the consequences for not registered with in 30 days.....?
3. Chances of issue of demand notice ?
4. Pls specify penalties etc ...
1) yes ....... may be after payment of demand.
2) As per section 122(xi) of the CGST Act , you may impose penalty of Rs ten thousand ten thousand or amount equivalent to the tax evaded which ever is higher.
3) As per the Sr No 2 .
4) As per Sr.No 2 . may be ( CGST 10000/- + SGST 10000/- ) or tax evaded whichever is higher .
CAclubindia
