This is used by tax authorities to calculate tax liability.
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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 dealer has to file GST returns that include:
Purchases
Sales
Output GST (On sales)
Input tax credit (GST paid on purchases)
To file GST returns or GST filing, GST compliant sales and purchase invoices are required.
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.
The number of GST filings vary for quarterly GSTR-1 filers. The number of GST filings online for them is 17 in a year.
There are separate returns required to be filed by special cases such as composition dealers whose number of GST filings is 5 in a year.