SAG Infotech Official Tax Blog Huge Discount for Tax Experts

Dealers May Loose GST Registration Due Non-Return Filing

Dealers May Loose GST Registration

As per the data obtained from the GST department, it has been analysed that almost 84,176 dealers have not submitted the (GSTR-3B) returns till last October and more than 10 per cent dealers are being served notices with the GST department may cancel their registrations.

An official stated that nearly 8,800 traders, who remain inactive are in the condition of losing their GST registrations as they were found with defaulting on returns. Also one must note down that, without having GST number, these traders can’t continue their business.

The GST department started an investigation on defaulting returns in late June and senior officials went to check the registered address of all 84,176 dealers where they found to be inactive.

According to the officials, Of these, 8,861 traders were found to be inactive and were not doing business at their declared point of business. They have been served notices and will lose their registration.

Read Also: Forget GST Evasion of Lakhs and Crores! Even Mismatch of 70 Paisa Gets Notice

Talking about the Mumbai, it has the most number of defaulters pegging at 20,025 defaulting traders in which 3,171 will be losing their registration.

While the officials also stated the way to cancel the notice, by mentioning that, “If any of the traders, who have been served notices, are doing genuine business, they will have to file an appeal against the notice. If the appellate authority deems it fit, the registrations will be restored.”

The department will see through all these cases and would try to bring back the adherence rate as normal as it was the previous year. The confusion still prevails on the part of filing GSTR 3B but it will be worked soon.

Exit mobile version