Difference between Gross Annual Turnover and Final return under GST terms
What is Final return? How does Gross Annual Turnover work under GST regime? What are the difference between Final return and Gross Annual Turnover?
Under GST system, the following information explains about Final return and Gross Annual Turnover.
As per GST terms, Filing of final return under current tax regime is one of the condition for carrying the input tax credit under current tax regime to GST regime. “Gross Annual Turnover” means the aggregate value of all taxable supplies.
The details about Final return and Gross Annual Turnover with simple language from GST terms have been mentioned in this web blog separately. I suggest you to read these articles on Final return and Gross Annual Turnover, so as to enable you to have a clear idea on these GST terms.
For your immediate reference, we give below web links on Final return and Gross Annual Turnover separately below. You may kindly read the below links to know more about Gross Annual Turnover and Final return.
Meaning of term final return under GST
Meaning of term Gross Annual Turnover under GST
The above information easily explains about Gross Annual Turnover and Final return.
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