What happens if GST return not filed for 6 months?

Suspension and subsequent cancellation of GST Registration under Section 29(2) – May be initiated after 6 Months of Due date. If a regular taxpayer does not file a return for a continuous period of six months, then the GST Officer may cancel the GST registration of such person.

What if GST return not filed for 12 months?

A prescribed late fees will be charged for each day of delay, when a GST registered business misses filing GST returns within the prescribed due dates*. The late fee should be paid in cash and the taxpayer cannot use the Input Tax Credit (ITC) available in electronic credit ledger for payment of late fee.

What are the consequences of not filing GST return?

Imprisonment and Fine for Non-filing of GST Return

• Preventing or obstructing any officer in discharge of his duties, tampering or destroying any evidence or documents – 6 months imprisonment with fine;
• Supplying false information or failure to supply information required by the law – 6 months imprisonment with fine;

What is the penalty for not filing GST annual return?

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 happens if GST return is not filed for 3 months?

The concerned officer of GST may cancel the GST registration of the taxpayer, upon failing to file monthly returns continuously for six months. The GST officer can cancel the GST registration of a composition taxable person if the taxpayer fails to file the GST returns continuously for three consecutive tax periods.

What happens if GST is suspended?

Effect of suspension of GST registration Cannot make any taxable supply after suspension. Is not required to file any returns as required under section 39 of the Central Goods and Service Tax Act, 2017. Reduction in compliance burden is the main benefit enjoyed by the taxpayer until the suspension of GST registration.

Is it compulsory to file nil GST return?

It is mandatory for every registered taxpayer to file nil GST return even when he has no transaction for that particular period. Further, non-filing of returns will attract penalty for the taxpayer.

Can GST be Cancelled?

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. The applicant must reply in form GST REG-24 within 7 working days from the date of the service of notice.

Is GST annual return compulsory?

Under the Goods and Services Tax (GST), filing of annual return — GSTR-9/9A — for 2020-21 is mandatory for all registered businesses, barring those with an aggregate annual turnover of up to ₹2 crore.

Can GST penalty be waived off?

The late fee amnesty scheme refers to reduction or waiver of late fee for not filing Form GSTR-3B for the tax periods from July 2017 to April 2021. Taxpayers originally had to file their GST between June 1, 2021 and August 31, 2021 to benefit from this amnesty scheme.

How do I remove a GST suspension?

Application for Revocation

1. Access the GST Portal at www.gst.gov.in.
2. In order to enter into the account, enter the username and appropriate password.
3. In the GST Dashboard, select services, under services select registration and further under registration select application for revocation of cancelled registration option.

What is the difference between suspended and Cancelled?

As verbs the difference between cancel and suspend is that cancel is to cross out something with lines etc while suspend is to halt something temporarily.