GST return

GST rīturn
noun phrase★Intermediate— tax return filed under the Goods and Services Tax system
💰Finance
formal

A formal document submitted to the tax authorities detailing the GST liabilities and credits of a registered taxpayer for a specific period, typically monthly, quarterly, or annually.

वित्तीय वर्ष के अंत में, सभी व्यवसायों को अपना वार्षिक GST रिटर्न दाखिल करना चाहिए।

At the end of the financial year, all businesses must file their annual GST return.

💡

GST returns are mandatory for businesses registered under the GST regime in India. Different types of returns (GSTR-1, GSTR-3B, etc.) serve different purposes in the GST compliance process.

Collocations

file a GST returnsubmit a GST returnGST return filingthe process of submitting GST returnslate GST returna GST return submitted after the due date

💡Pro Tip

Understanding GST Returns

GST returns are categorized into different forms (e.g., GSTR-1, GSTR-3B) based on the type of taxpayer and the information required. Ensure you file the correct form to avoid penalties.

⚡Gold Rule

Accuracy in GST Returns

Always verify the details in your GST return before submission to avoid discrepancies and potential legal issues.

📖Word Origin

Derived from the English phrase 'Goods and Services Tax return', adapted into Hindi as 'GST रिटर्न'. The term is specific to the Indian tax system introduced in 2017.

📝Usage Notes

In Hindi, 'GST return' is often referred to as 'GST रिटर्न' or 'GST दाखिल'. The term is used in formal and professional contexts related to taxation and business compliance.

Word Breakdown

GST
Goods and Services Tax
acronym
+
return
a formal document submitted to tax authorities
noun
हिन्दी-अंग्रेज़ी शब्दकोश