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What is GST Return?

What is GST Return?

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.

Under GST, a registered dealer has to file GST returns that include:

* Purchases

* Sales

* Output GST (On sales)

* Input tax credit (GST paid on purchases)

To file GST returns, GST compliant sales and purchase invoices are required.