GST NIL Return Filing

 Filing NIL GST Return – In Less than One Minute

Regardless of monthly revenue or profitability, everyone with a GST registration is required to file a GST return. Therefore, even if the taxpayer states that the registered firm has not sent any invoices, they must log in to the GST platform and submit NIL returns. If the taxpayer doesn't submit a NIL return, they will be fined Rs. 100 every day until they do. Therefore, before the deadline, every taxpayer with a GST registration must submit a NIL GST return.

Is nil return required under GST?

Yes, on the 10th, 15th, and 20th of each month, all taxpayers with GST registrations are required to file GST returns. The taxpayer must sign in to the GST system and submit a NIL GST return even if there was no commercial activity or transaction during the month in order to avoid fines.

Do I have to file Nil GSTR3B return?

All taxpayers with GST registrations are required to complete a GSTR-3B return for the months of July and August 2017. Even companies who did not conduct any transactions or operations in the months of July and August 2017 are required to submit a nil GSTR-3B form.

Do I have to file Nil GSTR-1 return?

Yes, even if there were no sales transactions in a given month, all ordinary taxpayers with GST registration must file a nil GSTR-1 return. A fine of Rs. 100 per day will be imposed if the taxpayer fails to submit their GSTR-1 return.

Procedure for filing nil GSTR1 return.

The taxpayer includes details about all of their sales transactions from the previous month in the GSTR-1 report and uploads any invoices they issued to the GSTN portal. Even if a business generates zero sales, the taxpayer must still report NIL transactions. By logging into the GST portal, the taxpayer must submit the NIL returns. e-sign, declare there were no transactions, and file the GSTR-1 report.

Do I have to file nil GSTR-2 return?

Yes, even if there were no purchase transactions within a given month, a taxpayer must nonetheless file a zero GSTR-2 return. A Rs. 100 fine will be applied if the GSTR-2 return is not filed.

The majority of the data used while filing GSRT-2 returns is automatically filled in based on the GSTR-1 returns submitted by all other taxpayers. As a result, the GSTR-2 auto-populated form would not indicate any transactions if there were no purchases. The taxpayer can easily submit a nil GSTR-2 return, e-sign it, and verify GSTR-2.

Do I have to file nil GSTR-3 return?

Yes, a taxpayer must file a nil GSTR-3 return even if there was no business activity during the month. A fine of Rs. 100 per day is imposed for failure to file the GSTR-3 returns. It would be quite simple to file a nil GSTR-3 return because the majority of GSTR-3 returns are auto-populated. The taxpayer would need to join in to the GST Portal, check any outstanding tax liability, e-sign, and submit the GSTR-3 return.


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