29/12/2023
π | Stepping into the world of GST? Let's break it down! Here's a quick guide to the three most common ones:
π GSTR-1: It's all about your sales! π File this return to detail your outward suppliesβinvoices, credit/debit notes, etc.βproving your sales to the tax authorities.
π GSTR-2A: This is an auto-drafted return of all your purchases based on your vendor's GSTR-1. It helps you cross-check and reconcile your purchases with the sales that your vendors have reported.
π GSTR-3B: Your monthly go-to! ποΈ A summary return where you sum up your sales, purchases, input tax credit, and tax liability.
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