Everyone with a GST Registration must file GST Return, either there has been any turnover or not, within the month. In short, no Sale or Purchase has appeared, in a month, you, still, have to sign to Government GST Portal and comply with a NIL return. So if you are thinking of why or how to file Nil GST Return Format, read upon. Therefore, still if there were no invoices circulated during a month, the taxable person must submit a NIL GST Return before the deadline. If a NIL Return is not filed on time, a penalty of Rs.100 per day is suitable, for late filing. In short, as a taxpayer, you have to file a NIL return. Put Zero Values in all the appropriate fields of GST Return form accessible online, when you have not had a transaction.
Important: It is compulsory that you file GST returns on the 10th, 15th and 20th of every month. In spite of having no business activity or transaction within the month, you should still sign in to the GST portal and file NIL GST return to avert penalty.
Upcoming Dates for GST Returns filing
|GST Returns||Who is needed to file||Due Date of Filing|
|GSTR – 1||All GST Registered Persons||Every Month by 10th|
|GSTR – 2||All GST Registered Persons||Every Month by 15th|
|GSTR – 3||All GST Registered Persons||Every Month by 20th|
|GSTR – 4||Persons Registered with Composition Scheme under GST||July – 18th, October – 18th and January – 18th|
|GSTR – 5||Non-Resident taxpayer||Every Month by 20th and Within 7 days after expiry of GST Registration|
|GSTR – 6||Input service distributor||Every Month by 13th|
|GSTR – 7||TDS Deductor||Every Month by 10th|
|GSTR – 8||E-commerce operator||Every Month by 10th|
|GSTR – 9||Enrolled Persons (9 for Normal person, 9A for Composition, 9B for E-Commerce Operators and 9C for Persons with Annual Turnover over Rs. 2 crore)||31st December of Next Financial Year|
|GSTR – 10||Registered Persons who have Surrendered GST or GST Registration is canceled||Within 3 Months of the Cancellation or submission|
How to file Nil GST Return Format-1?
A Nil GSTR-1 return has to be filed if you have a regular GST registration. Also if you have had NO sales transaction in the month. In another way, each day penalty of Rs.100 will be suitable.
In this Return, you have to give information about all sales transactions of the previous month and upload invoices given to the GST portal. When you have not had any sales, then you should sign in to the GST Portal, submit that no transactions were completed, give your Digital Signature, and file the GSTR-1 return.
Do I have to file a nil GST Return – 2 Format?
Yes, a Nil GSTR-2 Return has to be filed by a taxpayer also if there have been no purchase transactions during a month. If it is not filed, a penalty of Rs.100, every day, will be suitable. At the time of filing GSRT-2 Return, most of the information is necessarily uploaded based upon the GSTR-1 filing by your combined taxpayers. As a result, if there has been no buying, the Format of GSTR-2, that is auto-uploaded, would show no transaction. You just have to confirm your GSTR-2, sign digitally and submit your Nil GSTR-2 easily.
Do I have to file a Nil GSTR-3?
Yes, a Nil GSTR-3 must be filed, also if there has been no business activity within a month. If you don’t file GSTR-3 on time, a per-day penalty of Rs.100 will be suitable. Since lots of the information in GSTR-3 is necessarily uploaded, the filing of a Nil GSTR-3 becomes simple. You would just have to sign in to the GST Portal, confirm the sum of tax payable, if any, sign digitally and submit your GSTR-3.
Do I have to file a Nil GSTR-3B?
GSTR-3B is to be filed for the months of July and August, by all taxpayers with GST Registration. Those elements that have had no business transaction within the month of July and August have to file a Nil GSTR-3B.
How to File NIL GST Return-3B?
A Nil GSTR-3B can be filed instantly, through the GST portal precisely. Therefore, any individual having GST registration should file nil return before the due date without fail to avoid the penalty.
Login to GST Portal: Sign in to your GST Dashboard on the Government GST Portal. Click on Return.
Select “Prepare GSTR-3B”: Click on Prepare Online under the section titled “Monthly Return – GSTR3B”
Verify that all fields are Nil in the Return: If all fields are Nil in the GSTR3B summary, click on Save. You can save your GSTR3B Format, many times as you desire, to save your progress.
Check the Preview and Submit your GSTR3B: Once the Return has been prepared and saved, click on Preview and Submit your GSTR3B
Accept the return summary: Once your GSTR3B has been surrendered, a window will ask for “Final Confirmation”. Click on Confirm and Submit to file the GSTR3B. Now, you will not be capable to alter any of the information submitted.
Digitally sign the GSTR3B return: When the GSTR3B has been acknowledged, click on the Agree checkbox and digitally sign your GSTR3B return to complete the Nil GST Return filing.
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