GST Return Filing Overview:

Businesses that are registered for GST have to file GST returns monthly, quarterly, or yearly, depending on the business. Here, you have to give information about the sales or purchases of goods and services, as well as the tax that was collected and paid. Implementing a complete Income Tax System like GST in India has made sure that taxpayer services like registration, returns, and compliance are in range and perfectly aligned.

A single taxpayer who wants to file GST returns has to fill out 4 forms, including returns for supplies, returns for purchases, monthly returns, and a yearly return.

In India, everyone who has a legal GST registration has to file a GST return, no matter what their business does, how much they sell, or how profitable they are during the time they file their returns. So, if a business is closed but still has a legal GST registration, it must still file the GST returns.

GST return is a form that a taxpayer must fill out and send to the tax authorities. It lists all of the income and spending for the year.