GST Notice

Response to Notices

As a source of solutions for all questions about GST, Fyient Global can assist you in responding to notifications and ensuring that you pay the appropriate penalties. We will also help you in delivering on time so that you may steer clear of the fines that are associated with non-compliance.

Consequences for Those Who Do Not Comply

1. Infractions of the GST Act’s Rules and Regulations carry severe penalties because of the act’s stringent legal provisions.
2. When a company falls under the GST’s scope, there is a financial penalty for failing to register for the tax. If the violator has not registered for GST registration and intends to avoid paying the tax purposely, the penalty is equal to the entire amount of the tax. The sum is either the applicable tax or Rs. 10,000; whichever is more prominent will be the one that is paid.
3. Those who opt to participate in the Composition Scheme even though they do not meet the requirements to do so are subject to a penalty more significant than the amount of tax owed or Rs. 10,000.
4. Any violator who does not pay their due tax or makes short payments (considered factual mistakes) is responsible for paying the penalty equal to 10% of the total tax amount. This value can’t be lower than 10,000 Indian rupees.
5. If a person is guilty of not presenting the GST invoice, they must pay either the total amount of tax owed or Rs. 10,000. Whichever one has a better rank
6. An offender submitting an inaccurate invoice will be subject to a fine of Rs. 25,000.
7. A penalty of Rs. 50 per day will be assessed against a person who has not submitted for unpaid tax. If he were to file for NIL returns, he would get Rs. 20 every day. In addition, the highest possible sum cannot go over 5,000 rupees.
8. In addition, tax cheats who conduct fraud are subject to a section of the law that carries a prison sentence as a punishment.