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Fails to take GST Registration

Registration 148 views 2 replies

Pawan Parikh

61 Points Joined July 2017

Hello sir , I am small traders my total sale crossed 20 lac on 6.1.2018 but due to lack of knowledge still I have nt taken Gst Registration so I want to know that there is any penalty/late fees for not taking GST registration in stipulated time ? & also want to know whether late fees will b levied for late filing Return. I want to take Registration under Composition Sechme. thanks in Advance

Replies (2)

CA Jubair J Jeri

Practicing Chartered Accountant

147 Points Joined January 2014

Section 122 of CGST Act,2017 person who is liable to take registration under this act but fails to obtain registration shall be liable to pay penalty of Rs10000 . Late fees for non filling of returns will be leived Rs 20in case of nil return and rs 50 in case tax payble per day further interest @ 18% p.a .