If you’re not sure how to transmit the NILGST tax return by SMS, you’re at the right spot. It’s easy to send NILGST returns by SMS. This article explains the steps how to file nil gst through sms.
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What is the best time to be able to send NIL GST returns to you via SMS?
Zero GSTR-1 may be issued after one month from the fiscal year (month/quarter).
- In April 2020, a zero return will be available until May 1, 2020.
- In the initial quarter of the fiscal year 2020-21, there is no report will be available only from July 1, 2020.
If you try to submit after the deadline there will be an error.
Sending an SMS to a subscriber, the sender can indicate the archive month or the return period by using “MMYYYY”. For instance, whereas an annual file must display the end of the quarter, the June 2020 month for the April-June 2020 quarter could be recorded in the format “062020” when sending an SMS.
What exactly is Nile GSTR-1? Before deciding on the best way to provide non-null GSTR 1 to the IRS, let’s first know what is null GSTR 1 actually is. For specific tax seasons and taxpayers who are registered, returns will be declared GSTR-1 in the event that all the following requirements are met:
No applications required GSTR-1
1. There aren’t any sales or products issued in connection with taxes in the month or quarter.
2. There aren’t any Assignments or assignment that could lead to tax obligations that are based on the back-calculation of the pertinent tax period. 3. There isn’t a foreign sale or export supply or zero-rate supply during the tax period in question.
4. The source of the tax has not been corrected in the tax period prior to.
5. Credit or debt notes are not enforceable and can be changed or declared during the relevant period of financials.
6. There is no requirement that advance payment received for future deliveries during the financial period in question be re-stated or modified.
What is the requirements for submitting an GSTR 1. Zero Declaration?
Taxpayers who are registered i.e. Special Economic Zone (SEZ) developers, SEZ units, one-time taxpayers, as well as regular taxpayers that have an active GSTIN can submit the GST cancellation declaration through a SMS message. It is the Central Board of Excise and Customs (CBIC) issued the same notice , with the notice number. August 2020. There are however important requirements for file nil return through sms:
One. You must enter the contact or mobile phone number of the signer registered on the GST portal (services.gst.gov.in).
2. The GSTR1 network is not allowed to contain any data that is which is not submitted or stored at the end of the month of GST Gateway. GST Gateway.
3. GST Nil can be paid by SMS at any point following the 1st day of the month that follows. 4. The taxpayer who is registered should have chosen to take the possibility of making a repeat return quarterly or monthly to file the return.
Who are taxpayers who are eligible?
The CBIC and the government have released guidelines for filing returns with no SMS. However it is not possible for all taxpayers to submit returns by SMS. Prior to deciding on this option there are certain requirements to be taken into consideration. Taxpayers who are registered and with the right to send zero returns by SMS include:
1. The taxpayer registered with the tax authority is able to send the GST return that is zero only via SMS when there is no other delivery during the time period that is related to the submission of return. A transfer from an unrelated third entity to the business entity includes any tax-deductible supply, which includes the deemed export as well as a zero-rate sale and reverse charges, which are separate from the sale that is subject to the normal taxation of business.
2. Taxpayers do not have any changes to assets reported in the previous month.
3. The credit or debit card is to be modified or declared.
4. There aren’t any changes or declarations for receipt of installments for delivery in the future. The authorized representatives of specific GSTIN holders can make GSTR 1-Null returns through SMS.
A statement of the non-return to GSTR-1 after July , 2020.
You can archive your GSTR-1 using the GST portal, or through SMS. If you choose to archive option in the GST portal and click on the archive button, the GST accounts holder’s dashboard of returns displays an option to submit GSTR-1 returns. For details on GSTR-1 taxpayers are able to submit a declaration using GST’s Declarations Table.
Prior to submitting a return when a return is being made, the GST portal will ask a set of questions in order to ensure that relevant tables are ready to be used for the submission of information. The user is required to answer these questions before the GSTR-1 archiving process starts. It’s a lengthy process. It can be a hassle, particularly when you submit an unconfirmed declaration. This is why file nil gst through sms is the faster and simpler choice.
How to Archive NIL GSTR-1 using SMS:
Here are two steps to return an unpaid GST by SMS.
1. Step:
To send a SMS or SMS to a mobile number that is registered on 14409, simply enter “NIL (blank) R1 (blank) GSTIN (blank) Tax Period in MMYYYY” to activate an SMS feature.
When the message is delivered, you will be sent the 6-digit verification code by SMS sent to the registered mobile number. This is valid for up to 30 mins. For example:
* * For the GSTR-1 date of April 2022 enter NIL R1 09AAAAAAAA1ZC.
* To create a GSTR-1 quarterly for the period April-June 2022 in the NIL R1 field, enter 09AAAAAAAA1ZC 062022.
Step 2.
SMS”14409 “CNF(blank) R1(blank) code” to confirm GSTR-1 NIL declaration with the above code
Example: CNF R1 123456. This step should complete within thirty mins after receiving the verification number.
After confirmation of GSTN validity that the GSTR-1 number is kept and the user is issued the application reference numbers (ARN) via SMS using the signer’s primary approved email ID. Status of GSTR 1 details for a specific fiscal year is updated from the Saved.
