GST Return (GSTR1 & GSTR 3B) – Monthly/ Quarterly

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How To File a GST Return? Opt For The Totalica Way

In the world of taxation, the Goods and Services Tax (GST) has emerged as a game-changer, revolutionizing the way businesses in India handle their tax obligations. As part of this new system, businesses are required to file GST returns periodically, providing details of their sales and purchases. Two key returns under the GST regime are GSTR-1 and GSTR-3B, which are filed either monthly or quarterly, depending on the turnover of the business.

GSTR-1 involves reporting outward supplies, i.e., sales made by the business, while GSTR-3B captures the summary of inward and outward supplies, along with the tax liability. Filing these returns accurately and on time is crucial to maintain compliance with the GST regulations.

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