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.
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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.
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