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Is it mandatory for all the registered taxpayers to file the GST Nil Return?
No. Filing the GST Nil Return is mandatory only for the taxpayer with no sales or purchase input within a certain time period.
Can I file my GST Nil Return on a yearly basis?
No. As per the GST Act, 2017, the GST Nil Return can be filed only on monthly or quarterly basis.
Will I have to file the GST Nil Return after filing the regular GST Returns?
GST Nil Return filing is applicable only for the registered taxpayers with zero sales or purchase record within a fixed timeline. If a business individual is filing the standard GST Returns, it means he/she is not applicable for the GST Nil Return filing.
Should I visit the GST authority to file the GST Nil Return?
No. Online Legal India™ provides a complete online procedure for GST Nil Return filing so that you do not have to physically present anywhere to complete the filing process.
How should I know that I am eligible for the GST Nil Return filing or not?
Following the provisions of the GST Act, 2017, a business personnel becomes eligible for GST Nil Return filing in case of no sales/purchase input during a time period.
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What is GST Nil Return?
As per the provisions of the taxation authority, the registered business individuals and ventures are mandated to file the GST Nil Return to keep a record of not paying any tax due to a few regulated circumstances.
Which Act of the Indian Govt. oversees the GST Nil Return filing process?
The GST Nil Return filing process is overseen by the Goods and Services Act, 2017 of the Indian Govt.
Can the taxpayer change the period of filing the Nil Return?
Only at the time of filing the first return for any particular Fiscal Year, a registered taxpayer can change or alter the period of filing the Nil Return from Quarterly to Monthly or the vice versa.
Who is liable for GST Nil Return?
As per the legal provisions, any registered taxpayer with no sales or supplies recorded during the particular month or quarter for GST filing, is mandated to file the GST Nil Return.