In India, the Goods and Services Tax (GST) was implemented on July 1st, 2017. To file GST returns, taxpayers need to use GSTR forms that adhere to specific slabs and eligibility criteria. The taxpayer’s income details must also be included when filing with the tax authorities.
To ensure compliance with GST regulations, sales and purchase invoices must be GST-compliant. These documents are used by the tax authorities to calculate tax liabilities. To be registered for GST, a dealer must file returns that encompass their purchases, sales, output GST (on sales), and input tax credit (on purchases).
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