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Lates fees under retun not filling

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Pavan Kumar

154 Points Posted on 06 May 2020

Dear Sir,
My firm has been registered under GST regime on 2017 later on No GSTR was filling. Now when I login GST portal huge late panalty is showing. I'm not filling gate due to no business income.
please suggest the same.

Replies (3)

Quick Summary

Even if your business has no transactions, filing a 'Nil Return' under the GST regime is mandatory each month. Failure to do so incurs a daily late fee of Rs. 20 per day (Rs. 10 CGST + Rs. 10 SGST) under Section 47(1) of the CGST Act. Unfortunately, there's no way to avoid these penalties once they've been levied. It's also crucial to check your GSTIN status, as non-filing for six consecutive months can lead to registration cancellation.

Shivam RC

Student

7666 Points Posted on 06 May 2020

Filing Return / Statements under GST Regime is "Mandatory". Even if there is No-Business Transaction in a particular month, You have to file "NIL RETURN" for that particular month.

Even if NIL RETURN is not filed within time, Late Fees u/s 47(1) of the CGST Act 2017 @ Rs. 20 per day ( Rs. 10 under CGST + Rs. 10 under SGST ) will be levied.

Therefore you have to file all the Returns / Statements along with Late Fees. There's No solution to avoid the incidence of Late Fees. A harsh reality.

Also check your GSTIN status once. Check whether it is Active or Cancelled by the Proper Officer or not. Since you have not filed your Returns for a continuous period of Six Months, the Proper Officer can cancel your REGISTRATION by virtue of Sub-Section (2) clause (c) of Section 29 of the CGST Act 2017.

Regards
Shivam RC.