Go AD-Free with CAclubindia Pro and get a FREE CCI Coffee Mug. Subscribe Now!

How to fill nil gst return

mubarak ali (1 Points)

06 January 2020

how to fill nil gst return

Reply
Follow
Share

4 Replies

Deepak Gupta (CA Student) (15922 Points)
Replied 06 January 2020

When you file GSTR-3B online, there is an option available for filing nil return.

“A. Do you want to file Nil return?”

Select that and file the return

But in case of GSTR-1, no such option is available

For that you have to create a nil voucher in table-7 to generate the summary and then you can file nil GSTR-1. Select home state in place of supply, zero in rate and zero in taxable value and tax amounts column.

Upgrade to CAclubindia Pro. Subscribe Now!

RAJA P M ("Do the Right Thing...!!!") (128101 Points)
Replied 06 January 2020

Yes... I agreed with Mr Deepak Gupta's view of GSTR 3B return...

In GSTR 1 return not need such process. just generate GSTR 1 summary & submit 20 minutes later then go to file the GSTR 1 return as Nil...

CA Arun Tiwari (Partner) (6460 Points)
Replied 13 January 2020

Nil return is filed when there is no sale for the relevant period .Accordingly, GST law provides the facility to the Taxpayer that they can even file NIL GST Return either of any scheme (Composition or regular ) .

Harshal Deshpande (Chartered Financial Analyst ) (87 Points)
Replied 13 January 2020

Yes, you can file nil GST returns. Term GST stands for the Goods and Services Tax. GST is basically a value-added Tax which is taxed at different check points in the chain of supply, allowing credit for any tax paid on participation attained for the use in supply. Thus, the end-person or consumer is liable to bear the tax being the last in the chain of supply. With the implementation of GST bill in India the indirect tax structure will be simplified at central level and state level. Till now there was a complexed multi-layered taxation system in India, which will be replaced by GST.

You may need a professional as amendments in GST are too frequent. Almost every week there is some or the other change in the law. An amendment requires in-depth knowledge and analyzing and implementing such changes is altogether different task .

So,if you are ready and have time, you can very well file your own return . But if the nature of business involves complex billing and transactions, you may reach out to a professional.