In this blog we will provide you how to GST filling works
Introduction
Filing GST returns correctly is crucial to avoid penalties and compliance issues. Here are some common mistakes businesses make and how to fix them.
1. Incorrect GSTIN Usage
❌ Many businesses enter the wrong GSTIN while filing returns.
✅ Solution: Double-check the GSTIN before submitting returns.
2. Late GST Return Filing
❌ Missing the due date can lead to penalties and interest charges.
✅ Solution: Mark your calendar and set reminders for GST return due dates.
3. Ignoring Input Tax Credit (ITC) Rules
❌ Claiming ITC on ineligible expenses can result in fines.
✅ Solution: Only claim valid input tax credits and keep all invoices as proof.
4. Not Reconciling Sales Data
❌ Mismatches in sales data can cause tax discrepancies.
✅ Solution: Regularly reconcile GSTR-1 and GSTR-3B filings.
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