Howdy TaxAddicters!
Single click Nil filing of GSTR-1 has been introduced on the GSTN portal to improve the user experience and performance of GSTR-1/IFF filing. Taxpayers can now file NIL GSTR-1 return by simply ticking the checkbox File NIL GSTR-1 available on the GSTR-1 dashboard.
Let's understand the detailed advisory in an epic manner of conversion between Krishna & Arjuna (Fictional Characters).
Krishna(Fictional Character): Hey Arjuna, how is going on?
Arjuna(Fictional Character): It's just okay Krishna.
Krishna(Fictional Character): So, Even now Have you done your E-verify of ITR or not?
Arjuna(Fictional Character): Then, as you said about the Reduction of time limit for E-verification of ITR, I did it immediately.
Krishna(Fictional Character): Arjuna tell me why you are worried about after doing E-verification?
Arjuna(Fictional Character): I am worried not about ITRS but about GST returns. Some gst returns nil returns while filling nil returns, it takes minimum time to save system generated statements.
Krishna (Fictional Character): Hahaha....! Arjuna, That is not the problem. You still don't know that GST Nil returns can be filed in a single click.
Arjuna(Fictional Character): Is it true Krishna? I don't know about that.
Krishna(Fictional Character): Yes Arjuna, Single click Nil filing of GSTR-1 has been introduced on the GSTN portal to improve the user experience and performance of GSTR-1/IFF filing. Taxpayers can now file NIL GSTR-1 return by simply ticking the checkbox File NIL GSTR-1 available on the GSTR-1 dashboard.
Arjuna(Fictional Character): Ohh that's amazing Krishna. Please let me know completely.
Krishna(Fictional Character): Arjuna,
Eligibility to file NIL GSTR-1: Taxpayers may file NIL GSTR-1 if they have:
a. No Outward Supplies (incl. supplies on which tax is to be charged on reverse charge basis, zero rated supplies and deemed exports) during the month or quarter for which the form is being filed for, or
b. No Amendments to be made to any of the supplies declared in an earlier form,
c. No Credit or Debit Notes to be declared / amended,
d. No details of advances received for services is to be declared or adjusted
Arjuna(Fictional Character): I have already know that eligibility criteria of Nil return Krishna. I want to know the latest procedure to file that Nil returns.
Krishna(Fictional Character): 😄 Arjuna, I know you are very curious about that process, okay come to the procedure:
Steps to file NIL GSTR-1:
Taxpayers shall login to GST portal and navigate to online form GSTR-1 by selecting relevant GSTR-1 period in Returns dashboard (Services > Returns > Returns Dashboard > Form GSTR-1 > Prepare Online).
Step 1: Select File NIL GSTR-1 checkbox: In the GSTR-1 dashboard, a File NIL GSTR-1 checkbox shall be available at the top. If the taxpayer is eligible to file NIL GSTR-1, they can select the File NIL GSTR-1 checkbox. On click of the checkbox, system will show a note related to NIL filing and all the tiles/tables shall be hidden.
Note:taxpayers are advised to delete already saved records or reset GSTR-1 data by clicking RESET button available on GSTR-1 dashboard before filing NIL GSTR-1. (Above image)
Step 2: File Statement: To file Nil GSTR-1, taxpayer need to click File Statement button, which shall be available at the bottom of the GSTR-1 dashboard page. On clicking of ‘File Statement’ button, taxpayers will be navigated to the filing page to file GSTR-1/IFF using DSC/EVC.
That's it Arjuna!
Arjuna(Fictional Character): Ohh, it's very very simple Krishna. Thank you very much for your time saving updates.
With this, see you in the next post!
Ta da!!!
Until then, also read:
Helped me a lot and thank for the information
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