As you all are aware that filing of FATCA and CRS for calendar year 2018 is near. Due date for filing of FATCA/CRS return is May 31, 2019. Even when there is no reportable transactions under FATCA/CRS, nil return is mandatory. Government has changed the process of filing of these returns last year and introduced new “Reporting Portal” for filing of these returns. Many people finding it difficult to how to file nil return. So, I have prepared below steps to help in filing of nil returns.

Steps to file Nil return –

> Download 61B preparation utility from reporting portal. Link  –
> Open the utility, fill basic details in statement part
> Select No data to report option. Please refer attached screenshot.
> Post filling all mandatory details, save and generate xml file.
> Now download Generic Submission utility from reporting portal.
> Upload the xml in generic submission utility and attach DSC
> A package file will get generated
> Login to reporting portal through Designated director’s login
> Post login, go to profile page
> Fill preliminary response.
> Go to Statement Tab, and click on upload button
> Fill the basic details and upload the package file here
> Post successful upload, a confirmation message will display on portal and return is filed
> After 1-2 days, again login on reporting portal and check if the file uploaded get accepted.

Kindly note that you have to prepare to separate Nil return following above process for FATCA and CRS reporting separately.

Hope the above information will help you to file FATCA/CRS nil returns smoothly.


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Qualification: CA in Job / Business
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Location: Mumbai, Maharashtra, IN
Member Since: 22 May 2019 | Total Posts: 2

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    1. Kanuka Mittal says:

      Financial Institiutions(FI) are required to file FATCA/CRS returns.FI is divided into below categories –
      > Custodial
      > Depository
      > Investment Entities
      >Specified Insurance companies
      > Others

    1. Kanuka Mittal says:

      These forms are applicable to financial institutions. Financial institutions are required to report offshore parties account held /managed by them.

      1. Mohnish Tulsidas Wadhwa says:

        There is nowhere written that filing of NIL return is mandatory. the whole purpose of having some slabs for applicability of these compliances and reporting gets defeated if NIL filing becomes applicable.

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November 2020