Will there be any consequences if the nil return is filed for a long time? We have been filing gst nil income for almost a year. (We do not have any invoice yet). Thanks in advance.
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Quick Summary
Filing nil GST returns for an extended period, even without business activity, can raise questions. While not automatically an issue, GST officers have the power to cancel a registration if business hasn't commenced within six months of voluntary registration. However, this cancellation is at the officer's discretion and not guaranteed.
GST registration may be cancelled by GST officer if a person who has taken voluntary registration under sub-section (3) of section 19 has not commenced business within six months from the date of registration. But it's Power of officers, he may or may not exercise..
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