Non Filing Return

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40 Points Posted on 26 August 2020
Dear Sir/Madam
I have not file my Composition return from 4th Qtr 2017-18 to till 1st Qtr 2020-21.
there are no sale and purchase.

is here any liabilty to pay or not ??
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On 26 August 2020 at 07:18 Report
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Quick Summary
This discussion addresses the consequences of not filing Composition returns for several quarters, even when there were no sales or purchases. The advice given is to file NIL returns to avoid potential penalties and late fees. It clarifies that even without transactions, a return should still be submitted.

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Profession
28261 Points Posted on 26 August 2020
File your returns.
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On 26 August 2020 at 07:47
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40 Points Posted on 26 August 2020
What I have to pay late fee ??
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On 26 August 2020 at 08:27
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Finance/Compliance Consultant
69463 Points Posted on 26 August 2020
You should have filled NIL Returns.
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On 26 August 2020 at 17:25

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