anand (Accountant) (51 Points)
21 May 2022I registered for GST but cancelled later as my turnout was below the specified limit. I recently received an email from GST department that I need to submit final return. When I went to submit the return online I found that I need to pay 10K penalty. Is it possible to ask for a waiver of this penalty or do I have to pay it. Please advise. Thanks.
sabyasachi mukherjee
(26197 Points)
Replied 22 May 2022
anand
(Accountant)
(51 Points)
Replied 22 May 2022
Yes, cancellation of registration was followed but I wasn't aware that final return needs to be filed.
Rajendra Prasad
(Employee Private)
(1833 Points)
Replied 23 May 2022
As per provision, has to pay penalty for delayed period. As per my knowledge no waiver.
CA Puja Sharma
(Chartered Accountant)
(4891 Points)
Replied 23 May 2022
Yes, the penalty must be paid to complete the GST surrender process.
CAclubindia
