Gst return filing (Mumbai)

Gst return filing

Under the governing law of the GST Tax scheme, every business owners and dealers have to file returns with the GST department every year. If an individual starting a business or working as a business owner behave to taxpayers, they are totally 4 types of forms for return of purchases, return of supplies, monthly and annual returns. This tax is the same right from the manufacturer to the consumer and for businesses, it means 100% online compliance and uniformity of tax structures. Since its inception, GST has been a revolutionary taxation amendment introduced with the aim of having a single, uniform tax structure across the country instead of the previous multiple taxes which were levied at different rates in different States. According to their theory, You have to provide or give every single detail of the sales and purchases of goods and services along with the tax which was collected and paid in GST Return Filing. Under the GST structure, regular businesses need to file monthly GST returns twice in the month, along with an annual return. Those businesses that file quarterly GSTR-1 returns have a varying number of GST filing from that of the annual returns and it amounts to 17 GST online filings in a year for them. Additionally, for special cases such as composition dealers, there are separate returns that require to be filed and it amounts to 5 GST filings online in a year for these special cases.