GST RETURN FILING
Every company/ LLP/ individual registered under the GST act has to upgrade the details of sales, purchases and the tax paid by filing for GST returns with the respective administrative authorities. A GST return filing document contains details of all the taxpayers. For GST return filing, you are supposed to provide with all the particulars related to your business activities, like the tax liability declarations, tax payments and also any other related information as per instructions provided by the government. This is done online.
With online GST return filing, the taxpayers intimate the Goods and Service Tax Network (GSTN) about the inflow and outflow of supplies including the amount of tax paid and collected. While recording the taxable transactions with Government, the taxpayer is also required to pay the amount of tax collected from an outward supplier of goods or services after the deduction of Input Tax Credit (ITC).