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GSTR 3b return

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Prashant Sharma

84 Points Posted on 20 February 2021

I have opted for quaterly GStr filing. Since no purchase and sale for the month of january2021 so return to be filed in the month of february? no gstr 1 and no GStr 3B ?
kindly guide for the above

Replies (2)

Quick Summary

If you've chosen quarterly GSTR filing and had no purchases or sales in January 2021, you'll need to file a nil return in February. Even with no transactions, a nil GSTR-2 return must be filed to avoid a penalty of Rs. 100. Much of the GSTR-2 information is auto-populated from other taxpayers' GSTR-1 filings, simplifying the process for you.

Rama chary Rachakonda

Master in Accounts & high court Advocate

9620 Points Posted on 20 February 2021

nil GSTR-2 return must be filed by a taxpayer even if there were no purchase transactions in a month. If GSTR-2 return is not filed, a penalty of Rs. 100 shall apply. While filing GSRT-2 return, most of the information is auto-populated based on the GSTR-1 return filed by all other taxpayers.