If a business has done GST Registration, they have to file ‘Nil GST Returns’ even if they have not clocked any revenue in that particular month. Return filing of GST for zero return is a fairly uncomplicated process.

As per Government records, approximate 7.2 million businesses were registered under GST act and approximate Rs 92 Lacs Crore were collected as GST Tax.

The Frequency of GST return filing depends on type of registration and transactions. For normal tax payers, NRI, Foreigners, Input Service Distributor, Tax Deductors and E-commerce Operators have to file monthly return. Composition taxpayers are required to0 file a quarterly return. There is also an additional Annual GST Return apart from the monthly returns.

GST Returns Filing can be done by accounting consultants or even the owner of the company but it should best be left to be done by accounting services provider to avoid any wrong filing. There are various small business accountant who does this job at optimal fee.

No, as per the latest amendment by Government, GST Returns for Online GST Registration has to be done quarterly for Pvt Ltd Company Registration, Firm Registration and LLP Registration with turnover of less than 1 Crore.

Yes, even if the company has zero transactions GST Return Filing needs to be done for Zero returns.

Businesses with GST Registration needs to file their sale purchase summary every month but the return filing has to be done once every 3 months for company registration and businesses with turnover less than 1.5 Crore.

No, The business registered under GST Registration composition scheme needs to file their GST Return filing every quarter.

Yes, there are fine for GST return filing. The fine varies from Rs 20 per day and is subject to change as per government notification.