GST Portal enables Single Click Nil Filing of GSTR-1

GST Portal - GSTR-1 - taxscan

The Goods and Services Tax (GST) portal has introduced the new facility of filing of Nil Return for GSTR-1 in a single click where the taxpayers can file the Nil return by simply tick marking.

“Introducing Single Click Nil Filing of GSTR-1 Taxpayers can now file Nil GSTR-1 by simply tick marking ‘File Nil GSTR-1’ check-box available on GSTR-1 dashboard. #NilGSTR1 #ReturnMadeEasy #GST #SingleClick #GSTR_1,” the Goods and Service Tax Network (GSTN) tweeted in its official twitter handle.

Every taxpayer has to file GSTR-1 even if he has no business activity during the period, i.e. no sales in a month/quarter. Therefore, a dealer must file a Nil GSTR-1 in such cases. The outward supplies include all taxable as well as exempt supplies.

The failure to file nil GSTR-1 and GSTR-3B filing, would attract a maximum late fee charged shall be capped at Rs. 500 per return as per the present GST laws.

‘Nil’ return can be filed for a particular tax period, if the taxpayer has not made any outward supply (commonly known as sale) and have NOT received any inward supply (commonly known as purchase) of any goods/ services and do not have any tax liability for that particular tax period.

It is mandatory for every registered taxpayer to file nil GST return even when he has no transaction for that particular period. Further, non-filing of returns will attract penalty for the taxpayer.

Support our journalism by subscribing to Taxscan premium. Follow us on Telegram for quick updates

Related Stories