File GST Return or Not??
This query is : Resolved
20 October 2021
Dear Sir, We Registered a LLP firm and get GST Registration before 2 month, but there is no transaction made till date due to another registrations work is under process. Now i want to know, should we file GST return or not?? Thank you in advance.
20 October 2021
Once you're registered, you're obliged to file returns. In case, no transaction, file NIL return.
20 October 2021
But I heard that-If the person is registered under the GST Act, but the turnover of business is not exceeding Rs. 40 Lakhs, then the registered person is not liable to file GST return.
20 October 2021
The limit is applicable only for registration. If once registered, the registered person has to charge GST in his bills and pay to the Government.
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