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It is difficult for new startup founders to understand GST system.

We have simplified it below:
#startups
GST (Goods and Services Tax) is a tax system in India that requires businesses to file their tax returns electronically.

There are different types of GST returns, including GSTR-1, GSTR-2B, and GSTR-3B. Here's a brief explanation of how each one works:
#GSTsimplified
GSTR-1: This return is filed by businesses to report their outward supplies of goods or services.

In simple terms, it means the sales made by the business.

The return needs to be filed monthly or quarterly, depending on the turnover of the business.
#founders
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