GST Return Filings

GST Return is a document that contains details of all income/sales and/or expenses/purchases that a taxpayer (every GST registered dealer) is required to file with the tax administrative authorities. This is used by tax authorities to calculate the net tax liability.

Filing GST Return ensures legal compliance, allows businesses to claim input tax credit, enhances transparency in business transactions, and helps avoid penalties for non-compliance.

The process involves gathering necessary information, logging into the GST portal, selecting the appropriate return form, filling in the details, uploading invoices, submitting the return, paying the tax liability, and acknowledging the receipt.

There is no fee for filing GST Return. However, professional fees may apply if you seek assistance from a tax consultant or professional.

The frequency of filing GST Return depends on the type of taxpayer. Regular taxpayers need to file monthly returns, while composition scheme taxpayers need to file quarterly returns.

While it's not mandatory to have an attorney, it can be beneficial to ensure your return is correctly filed and to handle any legal issues that may arise during the process.

GST Return filing is specific to India. However, businesses engaged in international trade must comply with GST regulations for imports and exports.

If an opposition is filed, you will need to respond to the opposition notice. The GST officer will review both sides' arguments before making a decision.