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GST returns file nil for full year

23 July 2019

What if a person has filed nil returns for full year in GST but wants to show a income of 250000 in income tax?

Can someone do that?

Will one have to pay GST on that?

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7 Replies

Hiten Gusani (Student CA IPC / IPCC) (34 Points)
Replied 23 July 2019

there may be one solution that if the income to be shown in ITR is income from other source like income by way of gift than it falls in gst as nil rated or exempt supply which leads to no gst liability in future due to filling nil gst return for the year..
this is probable solution..

Yuganshu chauhan (5 Points)
Replied 23 July 2019

if you have a property on your name so you can show some rental income ( GST is not applicable on rent of residential ) and you can show some income from other sources like ( basic stipend and tuition fees )

Divakar (Student CA Final ) (11857 Points)
Replied 23 July 2019

surrender ur gst no if not required...and show IOS this year or rental income

RAJA P M ("Do the Right Thing...!!!") (127072 Points)
Replied 23 July 2019

@ Medha Shah.,

If he will show the amount as his business income then GST provision applicable...

So,
Better to file as per above replies from our experts view.

Medha Shah (48 Points)
Replied 31 July 2019

Thanks all for your views

subhagan sreerangam (7039 Points)
Replied 04 August 2019

good clarification and information

Prashant Rawal (23 Points)
Replied 31 October 2019

What if person person is salaried and having a gst no. filing nil return and having salary in around 250000 per annum, then person have to surrender gst no. or to take over by filling nil return till he start his own gst billing