GST Return Filing - An Overview



GST return filing is a mandatory compliance process requiring businesses to submit transaction details and tax information. It serves as a standardised method for streamlining the GST framework. GST return filing involves providing information on purchases, sales, GST collected on sales (output GST), and input tax credit (ITC) on purchases. Businesses registered under the Goods and Services Tax (GST) of 2017 must file GST returns monthly, quarterly, and annually. GST returns summarise details from GST invoices, receipts, payments, and other relevant transactions. To avoid penalties, taxpayers and business owners must file their GST returns by the specified due dates.