Sir, I have to file GSTR4 nil for the year 2022-23, will there be a fine.
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Quick Summary
This discussion clarifies the implications of filing a nil GSTR4 return for the financial year 2022-23. While a nil return means no tax is due, late filing can still incur penalties. The maximum late fee has been reduced, and for nil returns specifically, it is capped at ₹500. The exact amount will be displayed during the filing process.