A GST return is a type of legal document compressing details of your business such as income, sales, expenses, and purchase bills. Businesses or individuals having GSTIN are mandated to file GST returns. Additionally, the taxpayer’s GSTIN status must remain active for regular GST return filing. The specific GST return to be filed depends largely on the type of taxpayer registration. Common types of registered taxpayers include regular taxpayers, e-commerce operators, composition taxable persons, non-resident taxpayers, TDS deductors, Input Service Distributors (ISD), and casual taxable persons. The tax authorities of India utilize this form to estimate net tax liability.
A registered dealer must adhere to the following details when filing their GST return:
- Sales
- Purchase
- Output GST (GST on sales)
- Input tax credit (GST on purchase)
