Latest features of filing GST returns you must know

Introduction

• The taxpayers have to mention "core business" on his profile.

• There are 3 options under the "core business" category – Manufacturer, Trader, Service Provider and Other.

1. Manufacturer: A manufacturer is a registered person who produces the new products from the raw materials and components using equipment and machines and then he sells them to the final consumers, distributors, retailers, wholesalers or others.
2. Trader: A trader is a registered person who engages in the buying and selling of goods. They can be further classified into Wholesaler or Distributor and Retailer.
3. Service Provider and Other: A service provider is a registered person who provide services to the recipient and is neither a manufacturer nor a trader. The Others category will consist of business activities like work contract and other miscellaneous items.

• It is pertinent to note that a taxpayer must select only one core business activity. Further, if a taxpayer wants to change core activity, they can do so on the profile page.

Exemptions: