Nil return filers is a report to keep a check on Tax Payers not paying any Tax.
Swift | Professional |
Precise | One Stop |
All taxpayers having GST registration should file GST returns on time. Even if there was no business activity or transaction during a month, the taxpayer must still file NIL GST return to avoid penalty. Super CA helps you to file nil GST returns in no time.
Nil GSTR-1 & GSTR-3B return must be filed by all regular taxpayers having GST registration even if there were no sales transaction in a month. If the taxpayer fails to file GSTR-3B return, a penalty of Rs.20 per day shall apply. By, subscribing to our plan a taxpayer can save upto Rs. 5000/- penalty every month.
The business entities having strong law compliance is always in the good books of the Government. We at Super CA help you to be a strong law compliance business entity.
In the months of no transactions in the business nil filling is important as non-filing of GST returns will result in cancellation of GST registration, which have adverse impact on the continuity of the business.
As, discussed above nil filing of return will help a taxpayer to maintain continuity of the business and a business entity will also have an opportunity to grow.