After obtaining regular GST registration the person discontinues his business and he neither surrender his GST registration nor files any return for the last one year. Now his GST registration is canceled suo-moto by tax authority recently. It is pertinent to note that there was no sale or purchase during the period and there is no closing stock. Now my question is that if I file FORM-10 whether Penalty for non-filing of return before such cancellation is payable or not.
In the second case, registration has not been canceled but no action has been taken by the department (notice has not been issued) though officials visited the shop and after due verification, they contained that the business is discontinued indeed and there is no closing stock. Now if I file FORM-16 what will be the consequence. In that case, I think liability to pay the penalty is evident. I will be highly obliged if somebody able to through some light on the above mention issue.
CAclubindia
