GST – Goods and Service Tax is now becoming one of the essentials for all businesses irrespective of government threshold to make it mandatory only after revenue or turnover is exceeding 20 lacs for service industry and 40 lacs for goods industry (this differs in certain states). Businesses are voluntarily applying for GST, so that they can boost their sales as most businesses want benefits of Input Tax Credit. If there are no GST invoices, business (B2B especially) does not want to make those purchases.
There are many reasons GST is required, while some use it for boosting sales, it has also become almost mandatory for opening a bank current account.
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Once you have registered GST, it is mandatory to file GST returns minimum every quarter (this was monthly return filing which has changed to quarterly effective 1st Jan 2021 giving some relief to GST holders).
For your hassle-free GST return filing at an affordable fee, click here.
If you have NIL return to file, you can seek professional assistance or you can do it yourself through SMS by following these simple steps –
For GSTR1 NIL return filing through SMS
Type NIL(space)R1(space)GSTIN(space)Tax Period and send to 14409 from your registered mobile number
For example, Type “NIL R1 27XXXXXXXXXXXX1 012021” if filing NIL GSTR1 for Jan 2021 and send it to 14409.
You will receive a 6 digit OTP as your NIL return message is accepted. Once you receive OTP code, then type CNF(space)R1(space)CODE(space)tax period and send to 14409 again
Example, OTP code is 123456, then type “CNF R1 123456 012021” and send to 14409 from your registered mobile number.
If your NIL return filing is accepted then, it will provide you a ARN reference which will confirm successful filing.
Similarly, For GSTR3B NIL return filing through SMS
Type NIL(space)R1(space)GSTIN(space)Tax Period and send to 14409 from your registered mobile number
For example, Type “NIL 3B 27XXXXXXXXXXXX1 012021” if filing NIL GSTR3B for Jan 2021 and send it to 14409.
You will receive a 6 digit OTP as your NIL return message is accepted. Once you receive OTP code, then type CNF(space)3B(space)CODE(space)tax period and send to 14409 again
Example, OTP code is 123456, then type “CNF 3B 123456 012021” and send to 14409 from your registered mobile number.
If your NIL return filing is accepted then, it will provide you a ARN reference which will confirm successful filing.
Hope you find this useful. However, if you have any queries, please feel free to contact us on STARTR. You can also get information on government website for GST over here – https://reg.gst.gov.in/registration/