Procedure lapse under GST

[VIGNESH]

Sir. What are the activities considered as Procedure lapse under GST, and consequences for the same! kindly highlight

AI Summary

Procedural lapses under GST: Late GSTR-3B filing and incomplete invoices may lead to penalties, not revenue loss. A discussion on procedural lapses under the Goods and Services Tax (GST) highlights that such lapses occur when prescribed procedures are not followed, potentially leading to penalties or late fees. Examples include late filing of GSTR-3B or issuing invoices with incomplete details. It is noted that procedural lapses do not typically result in revenue loss, and benefits may still be granted if eligibility is clear. The discussion also covers the implications of filing delays and incorrect documentation, emphasizing that procedural conditions should not deny rightful benefits. Participants suggest raising specific queries for detailed discussion.