FAQs on GST Non-Registration Penalty, Registration Cancellation/Amendment

Goods and Services Tax (GST) is an indirect tax that replaced almost all the indirect taxes in India. GST is a destination-based tax that is levied on the supply of goods and services. It is mandatory for businesses with a turnover of more than Rs. 40 lakhs to register under GST. Failure to register under GST can lead to hefty penalties. Also, if there is any incorrect information provided while registering under GST, it can result in registration cancellation or amendment. In this article, we will discuss some FAQs related to GST non-registration penalty, registration cancellation, and amendment.

FAQs on GST Non-Registration Penalty

1. What is the penalty for non-registration under GST?

The penalty for non-registration under GST is 10% of the tax due or Rs. 10,000, whichever is higher.

2. Is there any time limit to apply for GST registration?

Yes, there is a time limit to apply for GST registration. The registration should be applied within 30 days from the date when the business became liable for registration. If the registration is not applied within 30 days, then it can attract a penalty.

3. Can I apply for GST registration even if my turnover is below Rs. 40 lakhs?

Yes, you can apply for GST registration even if your turnover is below Rs. 40 lakhs. It is not mandatory but voluntary registration under GST. It is advisable to register under GST even if your turnover is below the threshold limit as it can help you to avail input tax credit.

4. If I am registered under GST, but my turnover is below Rs. 40 lakhs, do I need to file GST returns?

If you are registered under GST, you need to file GST returns even if your turnover is below Rs. 40 lakhs. GST returns are mandatory for all registered taxpayers.

5. Can I apply for voluntary registration under GST after the due date?

Yes, you can apply for voluntary registration under GST after the due date. However, it will attract a penalty of Rs. 10,000 or 10% of the tax due, whichever is higher.

FAQs on Registration Cancellation and Amendment

1. What is the procedure for GST registration cancellation?

The procedure for GST registration cancellation is as follows:

Submit an application for registration cancellation in Form GST REG-16.
Provide the reasons for cancellation.
Submit all the pending GST returns.
Pay all the due taxes.

2. What is the penalty for late filing of GST returns?

The penalty for late filing of GST returns is Rs. 50 per day for each return for CGST and SGST, and Rs. 100 per day for each return for IGST.

3. Can I amend my GST registration details?

Yes, you can amend your GST registration details such as address, email id, phone number, etc. The amendment can be made online on the GST portal.

4. Is there any penalty for incorrect information provided during GST registration?

Yes, there is a penalty for incorrect information provided during GST registration. The penalty can be up to Rs. 10,000 or 10% of the tax due, whichever is higher.

5. Can I cancel my GST registration if I have pending GST dues?

No, you cannot cancel your GST registration if you have pending GST dues. You need to pay all the due taxes before applying for registration cancellation.

Conclusion

Registration under GST is mandatory for businesses with a turnover of more than Rs. 40 lakhs. Failure to register under GST can attract penalties. It is advisable to register under GST even if your turnover is below the threshold limit as it can help you to avail input tax credit. If there is any incorrect information provided during GST registration, it can result in registration cancellation or amendment. The procedure for registration cancellation and amendment is simple and can be done online on the GST portal. It is important to file GST returns on time to avoid any penalties.