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India
Free
Intermediate
Why we picked it Spells out the actual cost of treating GST as optional: the penalty math under Section 122, the 18% interest clock, and the goods detention risk a founder should price into any 'wait and see' decision.
Penalty for Not Registering or Late Registering Under GST
From Masters India
- The penalty for failing to register when required is the higher of Rs 10,000 or 10% of the tax due.
- Late registration carries the same penalty structure, the higher of Rs 10,000 or the tax evaded.
- Consequences beyond the fine include loss of Input Tax Credit eligibility and the risk of goods or vehicles being detained or confiscated.
