GST returns essentially stands for filing of all GST. Every individual who is covered under the GST Act must produce their income to the Tax Department of India. This is known as return and it includes details of every sale and purchase.
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).
Benefits of GST Filing
Seamless flow of Input Tax Credit
Avoiding penalty and paying of interest on outstanding tax liability
Achieve higher compliance rating
Documents Required
DSC of Authorised Partner or Director, as cases apply
Log-in credentials of the registered person
GST Registration Certificate
Details of the inward and outward taxable supplies along with the invoice details