GST return has to be filed by all persons having GST registration – even if there is no transaction. In case there is no transaction, NIL GST return has to be filed or late filing penalty would be applicable.

This is the last week available for filing overdue GST returns for the period of July 2017 to September 2018 without any penalty. The biggest relief extended to small business by the 31st GST Council is the waiver of late fee for filing GSTR-1, GSTR-3B and GSTR-4 return for the period July 2017 to September 2018.

The 31st GST Council has earlier announced:

“Late fee shall be completely waived for all taxpayers in case FORM GSTR-1, FORM GSTR-3B &FORM GSTR-4 for the months / quarters July, 2017 to September, 2018, are furnished after 22.12.2018 but on or before 31.03.2019.”

Thus, filing any overdue GST return upto September 2018 – before 31st March 2019 will not attract any late fee penalty until end of this week.

From 1st April 2019, significant GST penalty will be applicable for filing overdue returns from the period of July 2017 – September 2018. Hence, we request you to kindly take note of this scheme to file all overdue GST returns before end of this week.