Sir I have taken GST no on last April. But I haven't done any purchase and sale.I have not filled any return also. Presently What I want to do
GST RETURNS
Chandra SekharKV
User Advised to File Pending NIL GST Returns to Avoid Penalties; Consider Surrendering GST Registration Online A user sought advice on handling GST returns, having obtained a GST number but not conducted any transactions or filed returns. Respondents advised filing all pending 'NIL' returns despite the absence of transactions, incurring a late fee. They suggested surrendering the GST registration after filing the returns, which can be done online. One respondent emphasized the importance of filing returns to avoid a cascading effect that prevents future filings and results in heavy penalties. (AI Summary)
TaxTMI
TaxTMI