GST Nil Return Filing refers to the process of filing a Goods and Services Tax (GST) return when a registered taxpayer has no outward supplies (sales) and no inward supplies (purchases) during a specific tax period. Even if your business has had no transactions in a particular month or quarter, the GST law requires you to submit a Nil return to maintain compliance and avoid penalties.
Filing a GST Nil Return is crucial for maintaining your active GST registration status, avoiding late fees, and ensuring that your business remains in good legal standing with tax authorities. Failure to file a Nil return can result in penalties, interest, and restrictions on generating e-way bills or applying for loans.