Goods and Services Tax or GST is an indirect tax that was rolled out on July 1, 2017. It is levied on the supply of goods and services across the country. It has brought about a uniformity in the indirect tax structure by replacing all the indirect taxes
GST return filing is a summary that will include all the details of your sales, tax collected on sales (output tax), purchases, tax paid on purchases (input tax).
If the turnover of the registered person exceeds the prescribed limit i.e. rupees 5 crores in a financial year, then the registered person shall get his accounts audited by a (CA) Chartered Accountant or a (CMA) Cost & Management Accountant as per GST Rules.