GST Returns
A GST return is a report that businesses submit to tax authorities summarising their taxable sales, purchases, tax credits, and owed taxes, ensuring compliance with Goods and Services Tax (GST) regulations.
A GST return is a periodic report filed by businesses with tax authorities, summarizing their taxable sales, purchases, input tax credits, and output tax liabilities under the Goods and Services Tax (GST) regime, enabling businesses to fulfill their tax obligations and providing tax authorities with essential data for assessment and compliance purposes.
This helps both businesses and authorities keep track of tax responsibilities.