Important Points to Remember for Filing GST Returns
A return is a document containing details of income which a taxpayer is required to file with the tax administrative authorities. This is used by tax authorities to calculate tax liability. Under GST, a registered taxpayer has to file GST returns that include: · Purchases bills · Sales bills · Output GST (On sales) · Input tax credit (GST paid on purchases) To file GST returns, GST compliant sales and purchase invoices are required. Here Team Filing Bazaar helps and guides in GST Registration in Gurgaon and all over India. In the GST regime, any regular business has to file two monthly returns and one annual return. This amounts to 26 returns in a year. Key points to keep in mind while filing your annual GST Return . 1. Taxpayer should note that th...