GST registrations getting cancelled
According to the GST law, it is mandatory for a registered person to file returns either monthly (normal supplier) or on a quarterly basis (Supplier opting for composition scheme).
It says that an ISD (Input Service Distributor) will have to file monthly returns showing details of credit distributed during the particular month.
The persons required to deduct tax (TDS) and persons required to collect tax (TCS or Tax Collected at Source) also have to file monthly returns showing the amount deducted/collected and other specified details as per the law.
A non-resident taxable person also has to file returns for the period of activity.
The non-filing of GST (Goods & Services Tax) returns may lead to attachment of bank accounts and even cause the cancellation of registrations.
the finance ministry has now made it a part of the Standard Operating Procedure (SOP) in case of non-filing of GST returns.
The assessees are required to file GST returns either monthly (normal supplier) or quarterly (supplier opting for composition scheme) and if not done face consequences. more
I understand in such cases Govt. should come forward and taker action against the concerned authorities who are misusing this power. more