Filing GST returns a must, even if there is no transaction to show: Adhia

Speaking at BS GST Round Table 2017, the revenue secretary urged 1.1 mn people who were yet to complete the GST process to complete it as soon as possible

Speaking at the Business Standard GST Round Table 2017 on September 6, Revenue Secretary Hasmukh Adhia made it amply clear that all businesses in the country needed to file GST returns, even if there was no taxable income and warned that a penalty would be charged in case of non-compliance. "The facility of 'Nil' returns is available in GSTR 1 form. So, even if there is no transaction, business is liable to file returns. So file your return on time, don't wait for the last day," Adhia said.

GST compliance for the month of July stood at 74%, he