What is the GST Return?
A GST return is a document including information regarding the income/sale or expense and purchase, which a taxpayer must file with administrative tax authorities. This is used to calculate the net tax liability by the authorities.
Moreover, it can be completed effortlessly through the GST process, which is most appropriate and time-saving.
Under GST, a regular taxpayer is required to provide monthly returns and an annual return. Moreover, there are individual returns for the taxpayer registered under various schemes such as composition scheme, taxpayer registered as Input Service Distributor, non-resident taxpayer, a liable individual to deduct or collect tax (TDS or TCS), and a person granted Unique Identification Number.