GSTN was cancelled suo moto with effect from 16/09/2019 , by department due to non filing of GSTR1 and 3B.Under the amnesty scheme it is revoked from 01/09/2023.
Now when we want to file GSTR3B
panelty Maximum 10000 comes in while processing the return.
Please advise about the panalty waiver if any and procedure to update the portal so as to run business smoothly.
Sudhir Kulshreshtha
Menu
Penalty wave off on revoked GSTN.
Replies (2)
Quick Summary
Late fee prior to July 2021 for NIL GSTR 3B is still ₹ 10,000/-.
And from July, 2021 to till date Late of GSTR 3B is as under-
1. If the preceding fiscal year's annual turnover is up to Rs.1.5 crore, a late fee of up to Rs 2,000 per return might be levied (i.e. Rs.1000 each for CGST and SGST).
2. If the turnover is between Rs.1.5 crore and Rs.5 crores, a maximum late fee of Rs. 5,000 per return can be levied (i.e. Rs. 2500 each for CGST and SGST).
3. If the turnover exceeds Rs.5 crores, a late fee of up to Rs.10,000 (i.e. Rs.5000 per CGST and SGST) can be levied.
Late fees for the cancellation period after revocation:
• After revocation, returns for the cancellation-to-revocation period are due within 30 days of the revocation order (Rule 23), so filing within that window avoids late fees for that period. Late fees for pre-cancellation returns filed late still apply.
• Earlier amnesty schemes (Notf 03/2023 for revocation, until June 2023) waived some fees. Those have closed.
• Penalty (Sec 125) or interest (Sec 50) on unpaid tax for the period still applies.
Recent Topics :
- TDS ON IMMOVABLE PROPERTY - PURCHASE FROM NRI &
- Query to Tax Garden tax consultant
- Subject: Urgent Assistance Required – TRACES
- Claiming business re-imbursements while filing GST
- E-waybill 14 Digit Numbring
- Non filing of MGT-14 for MD appointment
- HUF AFFIDAVIT vs HUF DEED - REQUIREMENTS & STA
- Free Pre-Filing Tool to Match GSTR-3B vs GSTR-2B (
- MR AASHOK KUMAR SHARMA
- NIC codes for FIRMS registration of entity
Related Topics :
CAclubindia
