 "Composition taxpayers can now file 'nil' GST statement through SMS")
Goods and Services Tax Network (GSTN), the IT backbone of GST system, has launched the facility of filing of 'Nil' statements by composition taxpayers through SMS.
This means that composition taxpayers needn't log on to the GST portal for filing nil returns.
However, the facility of filing nil statements on GST portal will remain available to taxpayers.
According to GSTN data, some 1.71 million dealers are registered under the composition scheme, of which 20 per cent or 350,000 do 'nil' filing. Composition dealers pay GST at lower rates but do not take benefit of input tax credit.
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