I was out of India for most of the last year. My business was running in India but it was not…
I was out of India for most of the last year. My business was running in India but it was not registered by anyone, even if the turnover has exceeded 20 lakhs. Do I have to pay any penalties for failing to register?
Chiranjibi Jul. 19, 2018
Assuming you did not register for GST and did not pay GST of Rs. 5 lakhs, you will have to pay Rs. 10 lakhs (5 lakhs as penalty + 5 lakhs tax).
However, No penalty will be imposed without issuing a show cause notice or giving the assessee a personal hearing. So, if you receive this notice, you need to pay the penalties if you can not show cause of non-compliance.
