Question ID : 36944

Registration

Service provider is suppose to take a GST registration as his turnover crossed 20L in Previous year (2016). What are the consequences if GST registration is taken now in 2019? He didn't have Service tax registration too

1. Penalty u/s 122(1)(xi) - higher of Rs. 20,000 or Tax Evaded. 2. Tax Liability payment which would not have been collected due to fact he was unregistered person. 3. Interest on Tax Liability u/s 50. 4. Non-availabilty of Input Tax Credit of the Period in which he was not registered but was liable to be registered. 5. Recovery Proceeding under Chapter XV.