Can GST return be filed without paying tax?

Under the GST law, the filing of return without payment of taxes shall not be considered as a valid return. In other words, unless the supplier has paid the entire self-assessed tax and filed his return and the recipient has filed his return, the ITC of the recipient would not be confirmed.

Can we file Gstr 3B without payment of tax?

Q. 9 – Can I File a GSTR 3B Without Paying the Tax? As per section 27 (3) of GST Law, GST return will be valid only if the full tax is paid by the registered taxpayer and only the valid return would certify the taxpayer to claim an input tax credit (ITC).

What is the penalty for not filing Gstr 3B?

For example, a Taxpayer has filed GSTR-3B for the month of December 2020 on 23rd January 2021, where actual due date was 20th Jan 2021. Amount of late fees to be paid would be Rs….Total late fees to be paid per day.

Name of the Act	Late fees for every day of delay
SGST Act	Rs 10*
Total late fees to be paid per day	Rs 20*

How do I file nil GST return 3B?

Procedure for Filing NIL GSTR-3B Return

1. Step 1: Login to GST Portal.
2. Step 2: Select the month of filing.
3. Step 2: Select the month of filing.
4. Step 3: Select prepare GSTR-3B return.
5. Step 4: Ensure that all fields are nil in the return.
6. Step 5: Preview and Submit GSTR3B Return.
7. Step 5: Accept the return summary.

What happens if GST nil return not filed?

If NIL return is not filed, a penalty of Rs. 200 per day is applicable until the filing is complete. Hence, all taxpayer having GST registration must submit NIL GST return before the deadline.

Is GST applicable to small shops?

Businesses and individuals are exempt from GST if their annual aggregate turnover is less than a specific amount. At the time of GST implementation in July 2017, businesses/individuals with annual aggregate turnover of less than Rs. 20 lakhs were allowed GST exemption.

Is holding vendor payments justified for not filing GST?

Unless the amount involved is fairly significant, holding such payments may not put enough pressure on large suppliers to file their returns. Hence, considering the points above, holding vendor payments is not a feasible option in case a supplier does not file his returns.

How to file gstr – 3B nil return – GST return format?

How to File GSTR – 3B Nil Return – GST Return Format 1. Clickwww.gst.gov.inand Click Login2. Enter Login id and Password3. Click Return Dashboard4. Return filing period, click search then click prepare online button5. Click yes button then click next6.

How to file gstr 3B – prepare online in GST portal?

Login into GST Portal and select the month for which GSTR 3B is to be filed from Returns dashboard. After selecting GSTR 3B – prepare online, a list of questionnaire will appear. For Nil return, select Yes for question no 1 i.e. do you want to file nil return?

Is gstr-2 & gstr3 required to file?

Right Now GSTR-2 & GSTR-3 is not required to file but you have to must file the NIL GSTR-1 & GSTR3B for the same. How To File Nil GST Return?

Is it mandatory to file GST return if there is no transaction?

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.