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Understanding GST Returns
Understanding GST Returns
Goods and Services Tax (GST) is a multi-layered tax levied on the supply of goods and services within India. Businesses registered under GST are required to file periodic returns to report their taxable turnover, input tax credit (ITC), and tax liability.
Important GST Returns Due dates
Important GST Returns Due dates
Importance of Timely Filing
Importance of Timely Filing
Avoid Penalties: Failure to file GST returns on time can result in penalties and interest charges.
Claim ITC: Timely filing is crucial for claiming input tax credit, which can reduce your overall tax liability.
Maintain Compliance: Adhering to GST return filing requirements ensures compliance with tax laws.
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