A person dealing in supply of taxable goods is doing business since 01.01.2021. He crossed the mandatory thresholds for registration of ₹ 40 Lakhs on 22.01.2021. He was required to get registered under GST within one mon

According to Section 22 of the Central Goods and Services Tax Act, 2017 every person making supply of taxable goods or services beyond the threshold limit of ₹ 40 Lakhs in a financial year is required to get registered under the Act. Further according to section 25 every person liable to be registered under the Act shall apply for registration within thirty days from the date on which he becomes liable for registration. According to Section 122(1)(xi) of Central Goods and Services Tax Act, 2017 if a taxable person who is liable to be registered under CGST Act, 2017 but fails to obtain registration he shall be liable to pay a penalty of ten thousand rupees or an amount equivalent to the tax evade or the tax not deducted or short deducted but not paid to the Government, etc. Hence, in this case the person is liable to a penalty of ₹ 85,900.