There are two step dependencies that are required in your workflow before running this action. You must checkout your Git repository and then fetch the master branch and tags.

    steps:
    - name: Checkout
    uses: actions/checkout@v1
    - name: Fetch tags and master for GitVersion
    run: |
        git fetch --tags
        git branch --create-reflog master origin/master

Basic:

    steps:
    - uses: actions/checkout@v1
    - name: Fetch tags and master for GitVersion
      run: |
          git fetch --tags
          git branch --create-reflog master origin/master
    - name: Install GitVersion
      uses: gittools/actions/setup-gitversion@v0.3
      with:
          versionSpec: '5.1.x'
    - name: Use GitVersion
      id: gitversion # step id used as reference for output values
      uses: gittools/actions/execute-gitversion@v0.3
    - run: |
        echo "Major: ${{ steps.gitversion.outputs.major }}"
        echo "Minor: ${{ steps.gitversion.outputs.minor }}"
        echo "Patch: ${{ steps.gitversion.outputs.patch }}"
        echo "PreReleaseTag: ${{ steps.gitversion.outputs.preReleaseTag }}"
        echo "PreReleaseTagWithDash: ${{ steps.gitversion.outputs.preReleaseTagWithDash }}"
        echo "PreReleaseLabel: ${{ steps.gitversion.outputs.preReleaseLabel }}"
        echo "PreReleaseNumber: ${{ steps.gitversion.outputs.preReleaseNumber }}"
        echo "WeightedPreReleaseNumber: ${{ steps.gitversion.outputs.weightedPreReleaseNumber }}"
        echo "BuildMetaData: ${{ steps.gitversion.outputs.buildMetaData }}"
        echo "BuildMetaDataPadded: ${{ steps.gitversion.outputs.buildMetaDataPadded }}"
        echo "FullBuildMetaData: ${{ steps.gitversion.outputs.fullBuildMetaData }}"
        echo "MajorMinorPatch: ${{ steps.gitversion.outputs.majorMinorPatch }}"
        echo "SemVer: ${{ steps.gitversion.outputs.semVer }}"
        echo "LegacySemVer: ${{ steps.gitversion.outputs.legacySemVer }}"
        echo "LegacySemVerPadded: ${{ steps.gitversion.outputs.legacySemVerPadded }}"
        echo "AssemblySemVer: ${{ steps.gitversion.outputs.assemblySemVer }}"
        echo "AssemblySemFileVer: ${{ steps.gitversion.outputs.assemblySemFileVer }}"
        echo "FullSemVer: ${{ steps.gitversion.outputs.fullSemVer }}"
        echo "InformationalVersion: ${{ steps.gitversion.outputs.informationalVersion }}"
        echo "BranchName: ${{ steps.gitversion.outputs.branchName }}"
        echo "Sha: ${{ steps.gitversion.outputs.sha }}"
        echo "ShortSha: ${{ steps.gitversion.outputs.shortSha }}"
        echo "NuGetVersionV2: ${{ steps.gitversion.outputs.nuGetVersionV2 }}"
        echo "NuGetVersion: ${{ steps.gitversion.outputs.nuGetVersion }}"
        echo "NuGetPreReleaseTagV2: ${{ steps.gitversion.outputs.nuGetPreReleaseTagV2 }}"
        echo "NuGetPreReleaseTag: ${{ steps.gitversion.outputs.nuGetPreReleaseTag }}"
        echo "VersionSourceSha: ${{ steps.gitversion.outputs.versionSourceSha }}"
        echo "CommitsSinceVersionSource: ${{ steps.gitversion.outputs.commitsSinceVersionSource }}"
        echo "CommitsSinceVersionSourcePadded: ${{ steps.gitversion.outputs.commitsSinceVersionSourcePadded }}"
        echo "CommitDate: ${{ steps.gitversion.outputs.commitDate }}"