Nil GSTR 9 Return Filing | Nil GSTR 9

Do you need to file Nil GSTR 9?

As you may know, GSTR 9 is an annual return form that a regular taxpayer is required to file for his/her annual turnover under GST. The form requires invoice details for inward and outward supplies as procured by the given business. But what if no invoices were issued for any inward or outward transaction throughout the year, would a business be still required to file GSTR 9?

Apparently YES, a registered person under GST is required to file his/her return, irrespective of business turnover or profitability. Hence, even if there were no invoices issued by or to the given business throughout the year, the taxpayer will have to log in to the GSTN portal and submit a NIL return.

Although, form GSTR 9 has numerous details and tables ( Table 4 &5, Table 6, Table 7, Table 8 )that need to be filled by a regular taxpayer in regard to his tax liability and supplies. For a taxpayer with zero sales, many of these fields can be omitted, as the taxpayer may not have details in relation to the given field.

For all the updates regarding GSTR 9 Due-date extension, please refer to this article: FAQs Around GST Annual Return

Who is eligible to file a Nil Return in GSTR 9?

A registered taxpayer can file NIL returns if the following conditions are met for the given fiscal year:

The business made no Inward(Purchase) or Outward supplies (Sale);
The taxpayer has no Liability (of any kind);
No Credit was claimed by the taxpayer;
No Demand to create order was received;
The taxpayer claimed no Refund.

Also, to file a NIL GSTR 9, the registered tax person is required to file NIL monthly returns for all the months in the given fiscal year. Nil GSTR 9 Return can be filed on GSTN Portal.

What if a taxpayer fails to file his NIL Return?

As stated earlier, every taxpayer is required to file his/her GSTR 9, even in case of NIL Returns. Thus, if a taxpayer fails to do the same before the given due date, he shall be penalised with Rs 100/day until the filing is complete.

How IRIS GST Software can make GSTR 9 Filing Simpler

IRIS GST Software helps you to automate your GSTR 9 preparation and simplify computation at various levels. It provides computation details auto-drafted in the GSTR 9 form. Using the GSTR 1, 3B and Ledgers data uploaded, it computes the tables that get available in auto-popuated GSTR 9. This enables you to verify and reconcile with the auto-drafted details.

It gives a section-wise view of GSTR-9 with auto-drafted details and uploaded details. This makes the review process easier and efficient. This enables complete as well as incremental save of data.

IRIS GST Software helps you bulk fetch of GSTR-9 auto-drafted details and also provides reports based on GST Returns data and reconciliation results. This puts your GSTR 9 preparation on fast-track mode and supplements the data preparation process for additional sections of GSTR 9.

You can schedule a demo of IRIS GST Software

To book a demo or for any other queries, send us a mail at support@irisgst.com.