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Introduction of Single Click NIL filing of GSTR-1

Introduction

For improving the experience and performance of GSTR-1/IFF-filing, a new update has been introduced by the Goods & Services Tax department. The new update is the “Introduction of Single Click NIL filing of GSTR-1”. With the help of this taxpayers can easily file GSTR-1 return by simply ticking the checkbox File NIL GSTR-1 dashboard.

Applicability to file NIL GSTR-1

This is applicable to taxpayers having:-

  1. No Outward Supplies (including supplies on which tax is to be charged on a reverse charge basis, zero rated supplies and deemed exports) during the month or quarter for which the form is being filed for, or
  2. No Amendments to be made to any of the supplies declared in an earlier form,
  3. No Credit or Debit Notes to be declared / amended,
  4. No details of advances received for services is to be declared or adjusted

Process of filing NIL GSTR-1

To file NIL GSTR-1, it is necessary to first of all google the GST official site. After opening the GST portal, you will be required to open online form GSTR-1 by choosing GSTR-1 period in Returns dashboard. Here is the buttons you have to select to come to the return filing portal.

Services > Returns > Returns Dashboard > Form GSTR-1 > Prepare Online

Here are the steps to be followed:-

  1. Select “File NIL GSTR-1 checkbox”:- On the top hand side, checkbox shall be available which you may select in order to file NIL return.

Please Note:- NIL filing shall not be available in case there is saved records in GSTR-1. To file NIL GSTR-1, you will have to click on RESET button that is available on the GSTR-1 dashboard.

  1. File Statement:-the next step involves to file Nil GSTR-1. The taxpayer shall be required to click “File Statement” button that will take you to the filing page to file GSTR-1/IFF using DSC/EVC.

That was all about the Goods and Services Tax update that was introduced on 2nd August, 2022. To be up-to-date with the GST news and update, stay connected with EAdvisors. Every updation shall be posted on our blogs section.

Hope the information mentioned was helpful and convenient for the taxpayers to understand and get clearity of the updation made.

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