The definition of an income tax return is a document you file with the Internal Revenue Service or the state tax board reporting your income, profits and losses of your business and other deductions as well as details about your tax refund or tax liability. A 1040 form is an example of a federal income tax return.
A tax return is a form(s) filed with a taxing authority that reports income, expenses and other pertinent tax information. In most countries, tax returns must be filed annually for an individual or business with reportable income (e.g., wages, interest, dividends, capital gains, or other profits).
GST return is a format where a taxpayer registered under the Goods and Services Tax (GST) law has to file for each registration separately. ... Usually, a regular taxpayer has to file two returns per month (GSTR-1, GSTR-3B) and an annual return (GSTR-9/9C) for each GST registration separately.
Types Of GST Returns?
GSTR – 1: Return for Outward Supplies
GSTR – 2: Return for Inward Supplies
GSTR – 2A: Read Only Document
GSTR – 3B: Summary of Inward and Outward Supplies
GSTR – 4: Return For Composition Dealers
GSTR – 5: Return For Non-Resident Taxable Persons
GSTR – 6: Return For Input Service Distributors