What is GST Return?
GST Return is an official document containing details of all income/sales, expense/purchases, tax paid on purchases (input tax), tax collected on sales (output tax) related details.
Who should file GST Returns?
GST returns has to file by every professional or entity who is registered under the GST Act. Even those professional or entity that have GST registration but have no activity or transaction also required to file a GST Nil Return to keep the compliance with the regulations of GST.
While filing the GST return, the taxpayer has to provide all required information related to the business and transactions, tax declaration and payments. You can’t file a GST return if you do not file the previous month/quarter’s GST return. Process of GST return filing is based on the nature of the business.
According to GST taxation rule, taxpayer must file 26 GST Return in a year. To file one annual return and two monthly returns any regular business need to have more than Rs. 5 crore as annual aggregate turnover. In some special cases like composition dealers are required to file separate returns whose number of GSTR filings is 5 in a year.
How to file GST Returns?
Free Yourself from GST Compliance Worries, file Your GST Return online through Ease2Bizz with Expert CA Team in just 2 easy steps.
- Fill Up Application Form on ease2bizz.com
- Submit Required Documents like (Sales Invoices/summary, Purchase Invoices/Summary, Expenses Invoices/Summary etc.)
For More Details contact:
Contact No.: 020-67009999
Mail Id: email@example.com