GST Filing & Registration Service for Nil GSTR 9 Return Filing

As you may know, GSTR 9 is a form that regular taxpayers have to fill out every year to report their annual turnover under GST. The form asks for invoice information for both supplies that come into and go out of the business. But what if a business didn’t send any invoices for any incoming or outgoing transactions during the year? Would it still have to file GSTR 9?

It looks like YES, a person who is registered under GST is required to file a return, no matter how much money the business makes or loses. So, even if the business didn’t send or receive any invoices during the year, the taxpayer would still have to log in to the GSTN portal and submit a NIL return.

Even though Form GSTR 9 has a lot of details and tables (Tables 4 and 5, Tables 6, 7, and 8) that a regular taxpayer needs to fill out about his tax liability and supplies, he only needs to fill out Tables 4 and 5. For a taxpayer who hasn’t made any sales, many of these fields can be left out because the taxpayer may not have any information about that field.

Who is eligible to file a Nil Return in GSTR 9?

A taxpayer who is already signed up can file NIL returns if all of the following are true for the given fiscal year:

The business didn’t buy anything or sell anything.
The taxpayer has no liability (of any kind).
The taxpayer didn’t ask for any credit;
No request to make an order was received, and the taxpayer did not ask for a refund.

Also, the registered tax payer must file NIL monthly returns for all the months in the given fiscal year in order to file a NIL GSTR 9. On GSTN Portal, you can’t file a GSTR 9 return.

What if a taxpayer fails to file his NIL Return?

As was already said, every taxpayer must fill out their GSTR 9, even if they have NIL Returns. So, if a taxpayer doesn’t do the same thing by the date given, he will be fined Rs 100 per day until the filing is done.

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Tag : GST Filing, GST Registration, TDS Filing