GST Registration Online: SuperCA

As per the GST Act, monthly returns and one annual return need to be filed by a regular taxpayer. There are separate returns for a taxpayer registered under the composition scheme, non-resident taxpayers, taxpayers registered as an Input Service Distributor, a person liable to deduct or collect the tax (TDS/TCS), and UID holders. It is important to note that a taxpayer isn't required to file all the types of returns. They are required to file returns depending on the activities they undertake. GST Return is a form that shall be filed by every registered taxable person. Furnishing GST Returns timely helps the GST authorities carry out taxpayer assessments. Also, business owners need to maintain records systematically to further simplify the online GST return filing process. A business or the taxpayer while online GST return filing requires details of the following for a specified period of time- -  The total sales -  The total purchases -  The output GST or the GST paid

What GST Return Is? GST return is a document that contains all the details of sales, purchases, tax collected on sales, and tax paid on purchases. Once you file GST returns, you will need to pay the resulting tax liability i.e money that you owe the government. The details of sales and purchases of the goods and services plus the tax paid and collected have to be furnished by all registered individuals, traders, organizations, and companies. Such details are submitted by filing a GST Return and on this, the tax authorities calculate tax liability. The registered GST user will have to file the return, including purchases, sales, output GST, and input credit of GST. A registered user has to submit 4 forms to file their GST return: return for purchases, return for sale/supplies, monthly return, and annual return. Quarterly returns are to be submitted by those who have opted for the composition scheme. Importance of   GST Return filing All the Registered Dealers are required to file GST re