- Why did I receive a GST notice for not obtaining GST Registration?
- If your UPI-based transactions on platforms like GPay, PhonePe, or Paytm exceed the GST threshold limit, the tax authorities may issue a notice. The notice is a warning that your business must register for GST immediately to comply with the law.
- Now , we are explaining this in a simple manner that we all are knowing and understanding that in this digital era business transaction by UPI like Google Pay , Phone Pay ,Paytm are increasing more and more .
- GST authorities have access to transaction data from these digital payment platforms, enabling them to monitor and identify businesses that exceed the GST Threshold but failed to take GST registration.
Penalty if We fail to Take GST Registration.
- The GST law empowers tax authorities to impose fines if a business operates above the threshold without proper registration. While the exact penalty may vary.
- Besides penalties, any tax amount that should have been collected and deposited with the government may accumulate interest if unpaid
Notice Issued:
- A Merchant in Tamil Nadu received a notice from the GST Department due to UPI payment exceeding threshold limit of GST Registration.
Remainder: Keep track of your digital receipts and stay compliant to avoid notice