Is there any Penalty for not registering under GST?
As indicated by the segment 122 of CGST Act, any available individual who neglects to enlist under GST regardless of whether he/she is legitimately bound according to the GST Act needs to take care of the accompanying measure of punishment:
10,000 INR or measure of assessment sidestepped whichever is higher.
Let us comprehend this with a model;
In the event that Mr. A neglects to acquire GST enrollment and the absolute duty dodged by him adds up to 30,000 INR then for this situation 30,000 INR punishment will be pertinent.
- On the off chance that Mr. A neglects to acquire GST enlistment and the all out assessment sidestepped by him adds up to 8,000 INR then for this situation he needs to take care of 10,000 INR as a punishment.