Why file GST return?
Once you get GST registration then return filling is mandatory every month due to legal requirement in India as per Goods & service Act 2017.
Advantages of Filling GST return
Unified Platform
Subsuming of Taxes
Lower Taxes
Ease of Doing Business
Larger Tax Base
Simple and easy online procedure
Disadvantages of Non Filling/Delay filling GST return
Heavy penalty for non-filling or delay filling of returns
Increased operational Cost of dealer due to hiring of staff /professional for all GST compliance up to date.
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Document Information
Documents Required For GST Returns