TaxTMI 
TaxTMI 
Nil GST for closed business.
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....il GST for closed business.<br> Query (Issue) Started By: - Satyen Rohit Dated:- 14-11-2019 Last Reply Date:- 23-11-2019 Income Tax<br>Got 4 Replies<br>Income Tax<br>Hello Sir, I had no activity in my export business that I registered for GST in June, 2018. I haven't filed any GST returns till then. So how can I file nil GST and cancel my GST registration. Will I get any fines? Reply By KAST....
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....URI SETHI: The Reply: You will have to file all the NIL returns with late fee required by the Common Portal System. Thereafter, you can surrender your registration certificate. Reply By Adarsh Sharma: The Reply: You need to file the NIL return and surrender the GST Reg and also need to file GSTR-10 (Final Return) within three months of the date of cancellation or date of order of cancellation, ....
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....whichever is later. Reply By KASTURI SETHI: The Reply: I agree with sh.Adarsh Sharma Ji. Also go through these carefully. SECTION 44. Annual return. - (1) Every registered person, other than an Input Service Distributor, a person paying tax under section 51 or section 52, a casual taxable person and a non-resident taxable person, shall furnish an annual return for every financial year electroni....
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....cally in such form and manner as may be prescribed on or before the thirty-first day of December following the end of such financial year : SECTION 45. Final return. - Every registered person who is required to furnish a return under sub-section (1) of section 39 and whose registration has been cancelled shall furnish a final return within three months of the date of cancellation or date of order....
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.... of cancellation, whichever is later, in such form and manner as may be prescribed. The following persons are not required: 1. An Input Service Distributor 2. A non-resident taxable person 3. A person paying tax under the provisions of Section 10 (Composition Scheme) 4.Section 51 (TCS) 5. Section 52 (TDS) Reply By Ganeshan Kalyani: The Reply: File all NIL return in www.gst.gov.in portal and th....
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....en apply for cancellation. Annual return filing is an optional in your case foe FY 2017-18 & 2018-19. Final return is also required to be filed.<br> Discussion Forum - Knowledge Sharing ....