Every person registered under the GST Act has to periodically furnish the details of sales and purchases along with tax collected and paid thereon, respectively, by filing online returns. Before filing the return, payment of tax due is compulsory otherwise such return will be invalid.
Every entity registered under GST will have to file a GST Return. A NIL return has to be filed even if no purchase-sales activities have been carried out during the return period.
Depending on the type of registration and transactions, different periods have been specified. Monthly return has to be filed by regular taxpayers, foreign non-residents, input service distributor, tax deductors and e-commerce operators whereas composition taxpayers will have to file a quarterly return.