Goods and Services Tax (GST) is a comprehensive, indirect tax system implemented in India to replace multiple taxes such as VAT, service tax, excise duty, etc. GST Return filing is the process of submitting the details of GST-related transactions to the government. It is an essential compliance requirement for businesses registered under GST.

Under GST, businesses are required to file different types of returns depending on their turnover and other factors.

The following are the types of GST Returns that businesses need to file:

1. GSTR-1: This return is filed by businesses with a turnover of up to Rs. 1.5 crore. It is a monthly return that contains details of all outward supplies made during the month.
2. GSTR-2: This return is filed by businesses with a turnover of up to Rs. 1.5 crore. It contains details of all inward supplies received during the month.
3. GSTR-3: This return is filed by businesses with a turnover of up to Rs. 1.5 crore. It is a monthly return that is a summary of GSTR-1 and GSTR-2.
4. GSTR-4: This return is filed by businesses with a turnover of up to Rs. 1.5 crore who have opted for the composition scheme. It is a quarterly return that contains details of the supplies made and received during the quarter.
5. GSTR-5: This return is filed by non-resident taxable persons. It is a monthly return that contains details of the supplies made and received during the month.
6. GSTR-6: This return is filed by Input Service Distributors (ISD). It is a monthly return that contains details of the input tax credit distributed during the month.
7. GSTR-7: This return is filed by taxpayers who are required to deduct TDS (Tax Deducted at Source) under GST. It contains details of the TDS deducted and credited to the government during the month.
8. GSTR-8: This return is filed by e-commerce operators. It contains details of the supplies made through the e-commerce platform and the TCS (Tax Collected at Source) collected during the month.
9. GSTR-9: This return is filed by businesses with a turnover of up to Rs. 2 crore. It is an annual return that contains details of all supplies made and received during the financial year.
10. GSTR-9C: This return is filed by businesses with a turnover of more than Rs. 2 crores. It is a reconciliation statement that contains details of the GST paid and claimed during the financial year.

It is important to note that the due date for filing GST returns may vary depending on the type of return and the turnover of the business. Late filing of GST returns may attract penalties and interest. Therefore, businesses should ensure that they file their GST returns on time to avoid any compliance issues.

In conclusion, GST Return filing is a mandatory compliance requirement for businesses registered under GST. There are different types of GST returns that businesses need to file depending on their turnover and other factors. Businesses should ensure that they file their GST returns on time to avoid any penalties or interest. Rapid Tax is an online platform for GST Return Filing which makes it easy for businesses to comply with GST regulations and file their returns.