What If GST Return Not Filed For 6 Months?

Is GST charged on penalty?

Chargeability of GST Therefore, any interest or penalty paid for delayed payment in the supply of goods or service or a loan transaction shall be included in the value of supply i.e.

the consideration amount.

Therefore penal charges does not fall under the deemed supply list given in Schedule II of the CGST Act..

Is GST returned monthly or quarterly?

Verifying and determining the e-Filed GST ReturnsChoose the Financial Year, Return Filing Period and Return Type from the drop-down menu.If the taxpayers files the Return Quarterly, choose Quarter from the list.If the taxpayers files the Return Monthly, choose Month from the list.

How do I get my GST refund?

Here is a Step by Step Guide to File RFD – 01 on GST Portal:Step 1: Login to the GST portal.Step 2: Go to ‘Services’ > ‘Refunds’ > ‘Application for Refund’Step 3: Select ‘Refund of Excess Balance in Electronic Cash Ledger’ and click on ‘CREATE’.More items…•

Is GST penalty waived off?

The late fee waived off for GSTR-1 for the period July 2017 to November 2019, if the taxpayer submits the return before 10th January 2020.

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 if Gstr 10 is not filed?

If the GSTR 10 is not filed within the due date, a notice will be sent to the such registered person. The person will be given 15 days time for filing the return with all the documents required.

Can we file GST return after cancellation?

Ans: Please note that, when GST is cancelled then you have to file GST Final Return within 3 months of GST Cancellation, in which you have to provide detail of Stock in hand and input availed on that and has to pay GST Liability before filing of final return.

How do I avoid GST penalty?

Deduct tax/deduct appropriate tax in case of certain specific person (TDS provisions under GST law) at the rate of one per cent out of the payment to the supplier if the value of supply > 2.50 lacs or.deposit the tax deducted with the Government.

How do I file my GST return every month?

How to file GST return online:Visit the GST portal (www.gst.gov.in).A 15-digit GST identification number will be issued based on your state code and PAN number.Upload invoices on the GST portal or the software. … After uploading invoices, outward return, inward return, and cumulative monthly return have to be filed online.More items…•

What is the minimum turnover for GST?

A business whose aggregate turnover in a financial year exceeds Rs 20 lakhs has to mandatorily register under Goods and Services Tax. This limit is set at Rs 10 lakhs for North Eastern and hilly states flagged as special category states. Also, the definition of taxable turnover has been changed to aggregate turnover.

Can I cancel GST registration without filing returns?

Conditions for cancellation The Act clearly provides that registration will not be cancelled without giving the person an opportunity of being heard. According to GST Law, a registered person will have to file returns either monthly (normal supplier) or on a quarterly basis (supplier opting for composition scheme).

What is first return in GST?

August 25 is the last date for filing GSTR-3B form, which is a summary return of details of outward supplies, inward supplies, credit and payment of GST, for the month of July. …

Is GST payment extended?

There will not be an extension of the relief that was announced by the CRA on March 27, 2020 which allowed all businesses to defer, until June 30, 2020, any GST/HST payments or remittances that became owing on or after March 27, 2020, and before July 2020.

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).

Is it compulsory to file GST return?

Return filing is mandatory under GST. Even if there is no transaction, you must file a Nil return. You cannot file a return if you do not file previous month/quarter’s return. Hence, late filing of GST return will have a cascading effect leading to heavy fines and penalty.

What happens if Gstin is Cancelled?

Procedure. A registered person can submit an application for revocation of cancellation, in FORM GST REG-21, if his registration has been cancelled suo moto by the proper officer.

How many GST return in a year?

26 returnsIn the GST regime, any regular business has to file two monthly returns and one annual return. This amounts to 26 returns in a year.

How do I calculate GST penalty?

How to track GST payment status online?Go to the GST Portal. To track payment you don’t have to login. … Enter in your GSTIN and the CPIN. Click Track Status. … Step 3.1.1- Status- ‘PAID’Step 3.1.2. If it is showing as paid then you can download the receipt. … Step 3.2.1 Status- ‘NOT PAID’ … Step 3.2.2.