A return is a document containing details of income which a taxpayer is required to file with the tax administrative authorities. This is used by tax authorities to calculate tax liability.In the GST regime, any regular business has to file monthly quarterly returns and one annual return.
In Todays scenario, every business will have to comply with Tax Returns under Excise, VAT and Service tax. They also have to file returns in every state they operate. There is also ambiguity in deciding the place of manufacture and time of supply. With GST in place, it does not matter whether you are a trader, manufacturer, reseller or a service provider, you only need to file GST returns. From 1st July 2017, the Indian government is Implementing GST charges. Goods & Service Tax (GST) is a tax charged on the supply (including sales) of goods and services made in India and on the importation of goods and services into India. Even though GST is charged on the sales price of the goods or services, the amount to be remitted to the Government is only on the value added to the goods or services at each level of the distribution/supply chain.
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આઈ. ટી રીટર્ન અને GST માટે ફોન કરો
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