Gst return

This query is : Resolved

DINENDRA KUMAR (Querist)
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05 April 2018 My turn over is less than 20 lakh.but i registered under regular scheme in gst .can gst return filling is mandatory for me

Nikhil Kaushik

Nikhil Kaushik (Expert)
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05 April 2018 once you have registered, then it is required to be filed. Best would be to cancel the registration at the earliest.

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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05 April 2018 GST return filing is compulsory even if your turnover is below Rs. 20 lakh otherwise penalty of Rs. 50/- per day imposed. If you dont have Turnover upto Rs. 20 lakh then you cancel the registration under GST.

DINENDRA KUMAR

DINENDRA KUMAR (Querist)
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05 April 2018 Suppose my turn over not exceed up to 20lakh. I don't cancel my registration then filing GST return is compulsory. Then I file Nil return only ??

Nikhil Kaushik

Nikhil Kaushik (Expert)
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05 April 2018 here is the issue. you cannot file nil return is you are transacting i.e. you have sales. So the best way forward is to cancel the registration.

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