GST returns: Notice to 40 thousand traders in Chhattisgarh

RAIPUR : The commercial tax department has slapped notice to 40,000 traders and businessmen across the state for failing to file GST return for August-September. Though advisory in form, the notice is issued to traders entitled to pay the returns on a quarterly basis from October and having turnover from Rs 20 lakh to Rs 1.50 crore. The department spokesperson said, after the notice was issued, there is panic among the traders but they must understand that GST is a technical online filing system, which will not accept their future entries if the previous ones are pending.
The remaining GST filing of August and September is ought to be made timely to avoid hurdles. To clear the traders’ conception, the commercial tax officials said that the central government has amended the GST filing rule — to file GST on a quarterly basis for the small and medium enterprises within the turnover of Rs 1.50 crore. This is applicable from third quarter of this financial year ie,
If the traders file the previous pending GST entries at the earliest then they will have to file next GST return in December month. As the 40,000 traders had filed their first GST in the month of July,they were automatically on radar as their online entries remained blank for the consecutive weeks. This alarmed the department’s GST branch which issued notice at divisional-level. The notice directs the traders to file the pending GST return in next five days or their registration will be cancelled. The Union government waived penalty on delayed filing of initial GST returns for August and September. However,GST law includes a nominal fee of Rs 100 a day on Central GST and an equivalent amount on State GST in case of late filing of returns and payment of taxes. Along with late fee, interest of 18% per annul has to be paid.
Source- Times of India.


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