Quick Answer: What If GST Return Not Filed For 6 Months?

How are GST penalties calculated?

How to deposit Late fees with GovernmentAll returns except Annual Returns: Rs.

200 per day (Rs.

100 CGST + Rs.

100 SGST) of default up to a maximum of Rs 5,000.Annual Returns: Rs.

200 per day (Rs.

100 CGST + Rs.

100 SGST) of default up to a maximum of 0.25% of Turnover..

How do I file a pending GST return?

Then follow the following procedural steps as followed using return filing period: Open the common portal: https://www.gst.gov.in/…2. By Return Filing Period on the government portalGo to Return Filing Period.Choose the financial year in which the return has been filed from the drop-down list.Enter the Search button.

How many GST return in a year?

37 returnsGST registered businesses typically have to file three returns per month (GSTR-1, GSTR-2 and GSTR-3) in each state where they operate. An annual GST return is also required. This means a business will have to complete 37 returns per annum in each state where they are trading.

What if RCM is not paid?

and what treatment should be given to unpaid RCM? Reply— Aggregate value of all inward supplies (including advances and net of credit and debit notes) on which tax is to be paid by the recipient (i.e.by the person filing the annual return) on reverse charge basis need to be declare in Table 4G of GSTR-9.

What if GST NO is Cancelled?

Cancellation of GST registration means that the Central Tax Authority cancels the GSTIN issued to a taxpayer registered under GST initially. … Therefore, if a business continues to function despite the GST cancellation, it would be liable to pay a heavy penalty for the same.

Is Gstr 3b compulsory for nil return?

Filing GSTR-3B is mandatory even for Nil returns.

Can we file GST return without payment?

Under the GST law, the filing of return without payment of taxes shall not be considered as a valid return. … In other words, unless the supplier has paid the entire self-assessed tax and filed his return and the recipient has filed his return, the ITC of the recipient would not be confirmed.

Can I file GST return myself?

Process to File GST Returns Online The returns can be filed online through applications & software introduced by Goods and Service Tax Network (GSTN). These innovative facilities by government automate the fling process and auto-populates the details in GSTR forms.

What is return in GST?

GST returns essentially stands for filing of all GST. Every individual who is covered under the GST Act must produce their income to the Tax Department of India. This is known as return and it includes details of every sale and purchase.

What is nil return in GST?

Nil return filers is a report to keep a check on Tax Payers not paying any Tax. IN GSTR3-B the report will include people who have “Nil Rated” and “Zero Rated Supplies” as the consideration here is payment of Tax.

Is it mandatory to file GST return every month?

Every registered person paying GST is required to furnish an electronic return every calendar month. A “Tax Return” is a document that showcases the income of a registered taxpayer. Such a document needs to be filed with the tax authorities in order to pay tax to the government.

What is the penalty for late filing of GST returns?

Penalty on Missing GST Due Date In such cases, where taxpayers do not file their returns within specified due dates mentioned, he is obliged to pay a late fee of Rs. 50/day i.e. Rs. 25 per day in each case of CGST and SGST (in case of any tax liability) and Rs.

Is GST penalty waived off?

The government, on recommendations of the Goods and Services Tax Council, has decided complete penalty waive off of Rs. 200 per day for all taxpayers who failed to file their first Goods and Services Tax returns within the stated deadline.

What if Gstr 9 filing is done late?

Due Date, late fee and penalty The late fees for not filing the GSTR 9 within the due date is Rs 100 per day, per act. That means late fees of Rs 100 under CGST and Rs 100 under SGST will be applicable in case of delay. Thus, the total liability is Rs 200 per day of default.

What if GST return not filed?

If you don’t file any GST return then subsequent returns cannot be filed. For example, if GSTR-2 return of August is not filed then the next return GSTR-3 and subsequent returns of September cannot be filed. Hence, late filing of GST return will have a cascading effect leading to heavy fines and penalty (see below).

How many times is the nil GST return acceptable?

Every Taxpayer who has applied for quarterly return has to pay tax on monthly basis in form of GSTR-3B. For Nil Return when user has no purchase, no sales, no ITC to avail in any quarter of the Financial Year shall file one Nil return for every quarter.

How do I skip late fee for GST?

CBIC has notified a reduced amount of late fees for a delay in filing some GST returns for a temporary period as a relief measure for businesses having difficulties using the GST portal….Amount of Late fees applicable.Name of the ActReduced Late fees for every day of delaySGSTRs 25Total Late fees to be paidRs 501 more row

Is GST late fee allowed as expense?

Late fee is not paid for a purpose which is an offence or prohibited. … Therefore, late fees paid for delay in filing GST returns will be allowed as a deduction under Income Tax.

What is final return in GST?

A taxable person whose GST registration is cancelled or surrendered has to file a return in the form of GSTR-10. This return is called as final return.