GST Return Filing
GST return is a document that will contain all
the details of your sales, purchases, tax collected on sales (output tax), and
tax paid on purchases (input tax). Once you file GST returns, you will need to
pay the resulting tax liability (money that you owe the government).
GST returns must be filed by every business
unit whose turnover exceeds 20 or 40 lakh (Optional) annually. Taxpayers are
also supposed to go through various eligibility criteria for different slabs.
Who should file GST
return?
· Regular
Businesses.
· Businesses
registered under the Composition Scheme.
· Other
types of business owners and dealers
· Amendments
· Auto-drafted
Returns
· Tax
Notice.