Personal Tax Return

 

 

As a business person  firm, one of your first priorities will be to do is GST return filing. Hence, knowing the ropes can help you make the process smoother and simpler. Personal Tax Return While filing a GST return, you are supposed to provide all the particulars related to your business activities, like the tax liability declarations, tax payments and also any other related information as per instructions provided by the government.  registered user has to submit 4 forms to file their GST return, which are; return for purchases, return for salesupplies, monthly return, and annual return. For those who have opted for composition scheme, quarterly returns are to be submitted. This is used by tax authorities to calculate net tax liability. In the GST regime, any regular business having more than Rs.5 crore as annual aggregate turnover has to file two monthly returns and one annual return. This amounts to 26 returns in a year.