Must a company file a GST return even if there is no business activity?
Yes. GST-registered businesses are still required to file a GST return even if there were no business transactions during the accounting period.
What is a ‘Nil’ GST return?
A ‘Nil’ GST return is a GST return filed to indicate that the business had no taxable transactions or business activity during the accounting period.
Why is filing a ‘Nil’ GST return important?
Filing a ‘Nil’ GST return by the due date is necessary to remain compliant with GST regulations and avoid penalties, interest charges or enforcement actions by IRAS.
