GSTN Problems and Solutions (Part 4)

GSTN Problems and Solutions (Part 4):

5. Abolish the Nil Return : One thing I do not understand, what is use of Nil Return. It is mandatory to file all returns, even there is no single transaction in the month. Why we want taxpayer to mark his attendance every month on GST Portal, if he has done no business in any month. If this decision is from technical experts, I’ll request to replace them all. Either they are not expert or had been appointed on recommendations of political leaders. But if this decision is on the ground, that do not trust taxpayers, it is also wrong. Anyway At end of every following month/quarter, through a single command, all such cases can be marked as Nil Return, why taxpayers need to do the same. There is large number of taxpayers who are involved in seasonal businesses; they will get advantage of the same.

In case any taxpayer intends to file late return, he may file next month with late fee and penalty, not a big job. Sorry Professional Friends, It may hit your pocket, as number of returns if reduced for no transaction month/s, you will have to compromise on your fee (if you are charging your fee on return basis and not under annual contract), but to bring GSTN on Track, Such steps are necessary at this moment. Thanks.