My situation
I had registered for a GST number in March 2018 for my sole proprietorship. Unfortunately, my earlier venture did not take off and I realized I took the GST number a little too early. For over two years (From March 2018 till now) I have not done any kind of filing on the GST portal. Quite embarrassingly, I was clueless about all things GST-related.
Worse, I did not have any real income during this period (I was laid off at my salaried job around the same time I took the GST number).
My Question
I now realize there are penalties and I will not be able to file for future months (I am finally going to launch my business on July 1st, 2020). How can I clear the mess and start on a fresh slate? How big a fine do I have to pay for the period from March 2018 till June 2020? Any help from the kind experts would be appreciated. Thank you in advance.
CAclubindia
