How to file a GST Zero Return?

If you are a GST-registered business owner, it is important to file your GST returns on time, even if there are no sales or purchases during a particular period. This is called a GST zero return. Filing a GST zero return is essential to maintain compliance with GST regulations and avoid any penalties.

Here are the steps to file a GST zero return:

1. Step 1: Visit the GST portal and log in using your credentials.
2. Step 2: Navigate to the "Returns" tab and select "Returns Dashboard".
3. Step 3: Select the relevant financial year and return filing period for which you want to file a zero return.
4. Step 4: Click on the "Prepare Online" button.
5. Step 5: On the return preparation page, select the "0" in the field for total outward supplies.
6. Step 6: Next, select "0" in the field for total inward supplies.
7. Step 7: In the tax liability section, select "0" in the fields for CGST, SGST, IGST, and Cess.
8. Step 8: Verify that all the details entered are correct and click on the "Preview" button to review your return.
9. Step 9: If everything is in order, click on the "Submit" button to file your GST zero return.

It is important to note that even if there are no transactions during a particular period, a GST zero return must be filed by the due date to avoid any penalties. The due date for filing a GST zero return is the same as the due date for filing regular GST returns.

In conclusion, filing a GST zero return is a simple process that can be completed online through the GST portal. By following the steps outlined above, you can ensure that you remain compliant with GST regulations and avoid any penalties.