Actually i have taken a GST no. For online selling. Since then i have not sold any item so the tax liability is nil. But also i have not filed any return. So what will be the penalty?
Govt would know how much you sold or not sold, only if you file the GST Returns. Hence they insist of filing of returns regularly
The Late fee for delayed filing is Rs.50 per day for each day of delay. However for NIL Sales, the Late fee is Rs.20 per day
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