CCI Online Learning
What do you want to learn today?
     
CIBIL

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Gst nil return


srikumar (audit staff)     10 August 2020

srikumar
audit staff 
 55 likes  1127 points

| My Other Post

sir, newely taken gst registeration, how many months to file nil return continuously?
gst on voluntary basis of normal dealer.

avater

Asha Kanta Sharma (Manager - Finance & Accounts)     10 August 2020

Asha Kanta Sharma
Manager - Finance & Accounts 
 146 likes  6435 points

View Profile | My Other Post

If you do not have any transaction you need to file NIL Return till you cancel the GST Registration

Vijayprakash P   10 August 2020

Vijayprakash P

 64 likes  1078 points

View Profile | My Other Post

There is no time limit for filing NIL return in GST. If there is no transaction relates to GST in your business, you can file Nil return.

avater

Sagar Patel (Tax and Business Consultant)     10 August 2020

Sagar Patel
Tax and Business Consultant 
 807 likes  8837 points

View Profile | My Other Post

@ Vijay Prakash ji
Nil Return is also required to be file within due date as per GST Act, otherwise late filing fee is applicable (except/otherwise Exemption given by Government)

@ Srikumar ji
If your returns are pending from the registration or for earlier months than you can file all your pending Returns before 30th September, 2020 with Nil late fee, if it's NIL return.

1 Like
avater

srikumar (audit staff)     10 August 2020

srikumar
audit staff 
 55 likes  1127 points

View Profile | My Other Post

Thanks sir

Vijayprakash P   10 August 2020

Vijayprakash P

 64 likes  1078 points

View Profile | My Other Post

Dear Sagarji, My reply relates to his query, "how many months to file nil return continuously" It does not relates "due dates",
but Number of limitations.

avater

srikumar (audit staff)     12 August 2020

srikumar
audit staff 
 55 likes  1127 points

View Profile | My Other Post

Some one say 6 months file nil return, after 6 months turnover will disclose to gst . is it true?

avater

Sagar Patel (Tax and Business Consultant)     12 August 2020

Sagar Patel
Tax and Business Consultant 
 807 likes  8837 points

View Profile | My Other Post

As per GST law, we can say there is a limit on number of Nil return.
The GST officer can cancel your registration, if you are not starting the business from your place of business, or in case where the registration was obtained voluntarily and you have not started the business within 6 months.
But practically as of now, it is very improbable that the officer will exercise their this power.

Note : It's for first six months after voluntary registration, So, for safer side you can disclose sale in any month (in first six months), after that there is No limit on number of Nil return can be filed.

avater

Pankaj Rawat (GST Practitioner)     13 August 2020

Pankaj Rawat
GST Practitioner 
 3508 likes  47457 points

View Profile | My Other Post

As per Section 25(2)(d) of CGST Act the Registration can be cancelled , the taxpayer who has obtain the Registration voluntary & not commence his business within Six months.means he has furnish Nil return for 2qtrs or 6 months.

So if you have obtained the voluntary Registration cannot file Nil return for six months or 2Qtr.


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  



Related Threads


Loading

Popular Discussion


view more »



Trending Tags
GST Live Class    |    x