ST Reg no.EGSPK5679DSD001 Sole Proprietorship Firm ST-2 issued on "04.08.2016 " However, we didn't get ST-2 Stamped and Signed by the authorities. We didn't carry any business till date. Apr 2016 - Sep 2016 .....No business carried out ...Nil Income Sep 2016 - Mar 2017 ....No business carried out ...Nil Income We didn't file ST-3 for any of the above periods. Is there any penalty to be paid on my behalf??
Sir,
ST 2 is issued online automatically when no is issued. So you can't say that you had not got it.
Next, there are the penalties for non filling of return but you can argue with the department explaining the reason and intention was bonaside. You can support your claim with supporting case laws.
yes You have to file nil return of above period.
Yes department can levy penalty max 20000 per return
Actually it's for delay upto 15 days 500
For dearly upto 30 days 1000
And 100 per day delay beyond 30 days maximum to 20000
ST2 with stamp not required coz ST2 issued electronically thus not required any stamp or sign
My advise is to plz fill both st3 asap without payment of penalty
If any penalty raised by department then you can argue and try to reduce penalaty
And in St3 of march it's only 1000 till 29 may
Dear Sir,
Yes, department can levy penalty upto maximum 20000 per return.
ST2 is issued electronically and not required to be stamped or signed.
In my opinion, you should immediately file both the returns.
Thanks and Regards,
Abhishek Dugar
CA CS B.Com
Hello,
Yes, Penalty for non filing of Returns has to be paid on your part. You can still file a request letter stating waiver for penalty considering there were no taxable transactions, but it is solely at the discretion of the department.
It is any time advisable to file NIL Returns even if there is no transactions.
Trust this clarifies your query.
Feel free to call / get back in case of further clarifications.
Thanking You.
Regards,
Rohit R Sharma
BCOM, ACA, LLB-GEN, CERT. FAFP
Hello,
It is mandatory to file even NIL Returns i.e if no business is done. Penalty shall be applicable.
Regards
Keerthiga Padmanabhan
M.Com., CA, LLB
