Not filing GST returns for 5 years results in massive, auto-calculated late fees (up to 0.25 % 0 . 2 5 % of turnover), 18% annual interest on tax owed, and potential cancellation of GST registration. Recent GSTN advisory strictly limits filing to within 3 years of the due date, meaning returns older than 3 years may be impossible to file, causing permanent loss of Input Tax Credit.
Therefore, upon non –filing of GST returns or missing out the GST due dates, the GST law prescribes a general penalty. The maximum penalty that may be imposed is Rs. 5,000. The taxpayer will be required to pay interest on late payment of GST at a rate of 18% annually in addition to the late payment penalty.
The 'five year rule' states that residential premises are not considered to be 'new' if they have been rented out as residential premises for five or more years since they first became residential premises, or were last built or substantially renovated.
How to Reactivate Your Cancelled GST Registration?
Singapore GST returns must be submitted electronically through myTax Portal. Late submission of a GST return will result in a penalty of SGD 200 with a further SGD 200 for every month a return is not filed, up to a maximum of SGD 10,000.
Late submission penalty. A late submission penalty of $200 is imposed immediately when the GST return is not filed by the due date. A further penalty of $200 is imposed for every completed month that the GST F5/F8 return remains outstanding. The maximum penalty amount for each outstanding F5/F8 return is $10,000.
If there is any overpayment or wrong payment of duties or Goods and Services Tax (GST), you can make a claim for refund by writing to Singapore Customs for our assessment: Within 5 years from the date of payment of duty. Within 5 years from the date of payment of GST.
What should I do in this situation? Ans 2- If your GST Registration has been Suo-Motto cancelled by GST Officer, then you have the option to file GST Revocation request within 90 days from the date of cancellation order.
In case of cancellation, Final Return in Form GSTR-10 is required to be filed within 3 months from the date of effective date of cancellation or date of cancellation order, whichever is later.
How do you check if a company is GST registered? Enter the GST number or name of the company using the Clear GST Number Search Tool and click on “Search”. If the company is GST registered, the GST registration details and GSTIN status will be displayed.
The GST network issued another advisory on 7th June 2025, implementing the rule of time-barring of GST return filing beyond three years from the due date. By this update, taxpayers will not be able to file GST returns after three years from the due date of such return.
Once four years have passed, neither party can typically reopen GST matters related to that period, except in the case of fraud or evasion. This creates a level of certainty that benefits everyone involved in the tax system.
The due date for filing Form GSTR-9 for a particular financial year is 31st December of subsequent financial year or as extended by Government through notification from time to time.
When can the GSTIN get suspended? A taxpayer's GST registration or GSTIN can be suspended when they fail to file their GST returns for six consecutive months as monthly filers and for two consecutive quarters as quarterly filers.
For GST, the CRA filing and payment deadline is 3 months after your fiscal year end. For GST filed and paid annually, the CRA payment deadline is April 30 and the filing deadline is June 15. For GST filed and paid monthly and quarterly, the CRA filing and payment deadline is one month after the reporting period.
4-year credit time limit
If you account for GST on a cash basis, the earliest tax period in which you could claim a GST credit for a purchase is the tax period in which you make the payment. If you make the payment over multiple tax periods, the 4-year credit time limit applies separately to each part of the payment.
200 per day (Rs. 100 CGST + Rs. 100 SGST) until the return is filed, with a maximum cap of Rs. 5,000.
If none of the conditions for CA certification apply, you can file GSTR-10 without a CA Certificate and simply pay any outstanding tax dues. 📅 Important Reminder: ✅ File GSTR-10 within 3 months of GST cancellation to avoid penalties. ✅ Late Filing Penalty: ₹200 per day (₹100 CGST + ₹100 SGST).
GST Return Fees: Rs. 1,000 to Rs. 3,000 per month. Professional Filing Services: Rs.
Q- What is the GST amnesty Scheme 2024? India's new Goods and Services Tax (GST) amnesty scheme is set to take effect on November 1, 2024. This initiative provides relief to taxpayers with outstanding GST demands from the period of 2017-18 to 2019-20, waiving interest and penalties for non-fraudulent cases.
- Go to the Services section → Registration → Application for Revocation of Cancellation*. - Select the canceled GSTIN and fill out the application form (GST REG-21). - All pending GST returns of the inoperative period need to be filed. The outstanding tax, along with interest and penalties is paid on due returns.
Backdating a GST registration is limited to 4 years. This means, unless there is fraud or evasion: we can't backdate your GST registration by more than 4 years. you are not required to be registered before that date.
The GST law requires that every claim for refund is to be filed within 2 years from the relevant date. Further, Section 34 of the WBGST Act, 2017 provides for issuance of credit notes for post supply discounts or if goods are returned back within a stipulated time.
Tax is commonly tied to the statutory limitation period (generally four years for Singapore income tax, and five years for Singapore goods and services tax, subject to exceptions).
There is however a 10 year limitation period that applies to GST/HST tax debts. This limitation period is 'restarted' whenever the CRA takes action to collect the debt or the taxpayer acknowledges the tax debt, which can mean that a GST/HST debt more than 10 years old is still collectible.