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What is Nil Return.png


Case of Nil Return.png




What is Nil Return? If No Sales purchase + No Interest Late fees Then It is Nil Return If Nil Return filed late So It cannot be Nil Return No Tax but We have to pay Late fees Case 1 Output Case 2 Case 3 Input GST Payable GST Credit 1000 1000 0 600 1100 5000 400 0 0 100 5000 Case 4 0 0 0 0 Which Case is Nil Return? If Return filed on time  If Return filed Late  Case 4 is Nil Return No Case is Nil Return

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Davneet Singh

Davneet Singh is a graduate from Indian Institute of Technology, Kanpur. He has been teaching from the past 12 years. He provides courses for Maths and Science at Teachoo.