Not filing GST returns for 6 months leads to severe consequences, including automatic cancellation of GST registration (GSTIN) by the tax officer. Other major penalties include daily late fees (up to ₹5,000 per return), 18% per annum interest on tax dues, denial of input tax credit, and potential seizure of goods in transit.
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.
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.
In this case, the tax will be payable because the goods were not returned within 6 months of the GST being implemented, nor were the goods returned within 6 months from the date of sale. However, the goods would have not been taxable had they been returned before the 6-month date limit had not been breached.
If your GST frequency is annual, your GST returns are due within three months after the end of the fiscal year. For GST collected in the financial year ending December 31, your GST payment is due by April 30. However, you can file your GST returns by June 15 of the following year.
The Goods and Services Tax Network (GSTN) has issued an advisory to remind taxpayers about the three-year time limit for filing GST returns. This rule, introduced by the Finance Act, 2023 and brought into effect from 1 October 2023 through Notification No.
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.
Section 16(2) and Rule 37
If he made proportionate payment to supplier with GST within 180 days then he has to reverse ITC proportionately . If No payment is made within 180 days, then whole the ITC has to be reversed. When the payment is made to the supplier ITC reversed will be reclaimed .
Penalties and Interest for Late Filing
Under Gst law, late Fees for Delay in filing Gst return 6 is ₹50 per Day for Each registered ISD [(₹25 CGST + ₹25 SGST]) Max limit of late fees of Gst return 6 is 0.25% of turn over.
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.
The penalty amount you will be charged for not filing electronically if you are required to is: $100 for the first time. $250 for each subsequent return you do not file electronically.
Grace periods typically range from 15 to 30 days. While technically a customer could wait until the exemption date to pay, insurers may still treat the premium as GST-inclusive based on the due date, not the payment date. ...
The late fee is capped at 0.25% of the taxpayer's turnover in the state or union territory per Act (i.e., up to 0.5% total for both CGST and SGST). For example, if turnover is ₹1 crore, the maximum late fee can be up to ₹50,000 (₹25,000 under CGST and ₹25,000 under SGST).
Late filing penalties for goods and services tax (GST)
There is a late filing penalty of $50 if you're on the payments basis. There is a $250 penalty for late filing on the hybrid or invoice basis. These penalties are usually due on the 28th day of the month after the return was due.
There is no specific limit on the number of times a Nil GST return can be filed. As long as the taxpayer has no transactions to report, Nil returns can be filed for consecutive periods without any restrictions.
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.
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.
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.
The upcoming change in the GST system, effective from early 2025, will significantly impact taxpayers by imposing a 3 year time limit for filing monthly and annual GST returns. Under the Finance Act, 2023 (8 of 2023), effective from October 1, 2023, via Notification No.
The claim has to be made before the expiry of two years from the last day of the quarter in which such supply was received. It may be noted that refund would be granted by central government as facility of a single UIN has been made available to such agencies. CBIC has issued instructions vide Circular No. F.
Time Limits for Claiming ITC
In general, you must claim ITC within a certain number of months from the date of supply: If the supplier has paid the tax on the supply, you have up to 12 months from the date of supply to claim ITC.
Suspension and then Cancellation of GSTIN. If you (a regular taxpayer) does not file a return for a continuous period of six months, then the GST Officer may cancel the GST registration of such person.
Backdating your GST registration
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.
You can't get a credit or refund if you don't file the claim within 3 years of filing your original return, or 2 years after paying the tax, whichever is later, unless you meet an exception that allows you more time to file a claim.