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GST renew process
If gst gets cancelled due to failure to pay the payment then, is it possible to issue a new get number without been paid the previous due?and also once the gst get cancelled then still the interest/penalty work on the amount?
Replies (5)
Quick Summary
You have to pay the due gst liability to authority otherwise you are not liable for cancellation
yes if your gst number cancelled then also you are liable for any penalty or liability due
yes if your gst number cancelled then also you are liable for any penalty or liability due
So my question after the cancellation will any interest charge on it or not?
If any penalty due then interest will be charged
So even if the status shows cancelled the interests will calculate every day right?
No once cancelled no more interest but you have to pay the late fees or interest till date of cancellation
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