GST Return

A GST Return is a document that a registered taxpayer under the Goods and Services Tax (GST) system must file with the tax authorities. It contains details of sales, purchases, tax collected (output tax), and tax paid (input tax) during a specific period.

GST returns help the government calculate the taxpayer’s tax liability and ensure proper compliance.

Types of GST Returns:

GSTR-1: Details of outward supplies (sales).

GSTR-3B: Summary return showing total sales, purchases, and tax liability.

GSTR-9: Annual return summarizing all monthly/quarterly returns filed during the year.

Necessity:

Filing GST returns is mandatory for all registered persons to ensure transparency, maintain tax records, and enable input tax credit claims. Failure to file returns can result in penalties and restriction on ITC (Input Tax Credit).