Introduction of Single Click Nil Filing of GSTR-1
The Goods and Services Tax Network (“GSTN”) has issued an Advisory dated August 02, 2022 on Single click Nil filing of GSTR-1 to improve the user experience and performance of GSTR-1/IFF filing. Registered Taxpayers can now file NIL GSTR-1 return by simply ticking the checkbox File NIL GSTR-1 available at GSTR-1 dashboard. Eligibility to file NIL GSTR-1: Taxpayers may file NIL GSTR-1 if they have: a. No Outward Supplies (including 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. Step by step process 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 - (S...