GST Nil Return Filing

Why the need to File Nil Return under GST Arises?

The necessity to file nil return GST arise when a registered dealer in GST has not clothed any outward taxable supplies during the month that the return is to be prepared.

In returns like GSTR-3B & GSTR-1, there are numerous details to be filled by a registered taxpayer with regards to his liabilities and Outward supplies. But an individual with zero sales needn't need to fill those many details on the GSTN Network which a traditional taxpayer would file with reference to his returns.

Introduction to Nil Return in GST

GST Return has got to be filed by every registered person under GST regardless of business turnover or profitability during a month. Hence, even if there were no invoices issued during a month, the taxpayer

If NIL return isn't filed, a penalty of Rs. 200 per day is applicable until the filing is complete. Hence, all taxpayer having GST registration must submit NIL GST return before the deadline.

However, the late fee for taxpayers having nil returns is amended to twenty Rs per day (10 Rs CGST + 10 RS SGST ) from October 2017 onwards.