DEAR EXPERTS
CGST OFFICER IS INSISTING TO PAY PENALTY U/S 125 AMT RS. 25000/- FOR REVOCATION OF GST REGN. CANCELLATION ON A/C OF NON FILING OF RETURNS FROM APRIL20 TO JAN20 EVEN THOUGH THERE IS NIL TO FOR APRIL 20 TO AUG-20. HE IS NOT READY TO ACCEPT LATE FEES AS A PENALTY.
PL ADVICE IF ANY REMEDY IS THERE.
Menu
Penalty u/s 125
Replies (1)
You generally should not be liable for a penalty under Section 125 for late filing of returns, as Section 47 already mandates a specific late fee; recent court rulings confirm that these two cannot be combined as a double penalty.
Recent Topics :
- Affordable Residential Flats in Gurgaon
- Manufacturing
- TAN REGISTRATION ON E-FILLING SITE
- Form 10-IEA – Continuing Old Regime
- Income tax act 2026
- Belated Return where Form 10IEA filed this year to
- GST Reconciliation Tool (2A vs Books) - looking fo
- TDS ON PF FORM 19 WITHDRAWAL
- Can a virtual office in Mumbai be used for company
- Eway and e invoicing in condition where 4 party ar
Related Topics :
CAclubindia
