Apr 20, 2019
Penalty for Late or complete failure to take GST Registration
As per GST act, there is a direct penalty for failure to take GST registration in India and the same is levied even in case of late GST registration.
As per section 122 of CGST act, any taxable person who fails to take GST registration though he is liable to be registered under the act, then the penalty of ₹10,000 or amount of tax evaded or any short tax liability whichever is higher.
Hence, if any person fails to take GST registration and the total tax liability after calculation comes to ₹2 lakh, then the penalty for failure to take GST registration shall be 2 lakh or ₹10,000 whichever is higher and hence, ₹2 lakh shall be levied.