33 Mistakes which you should not do in your GST Returns (Most important)

• July 2, 2020
• CA Chandan Agarwal's Office

What is necessary in GST

-Today 3 years have passed since the enactment of GST laws, many mistakes are still being committed by GST tax payers while filing GST returns particularly GSTR-3B and GSTR-1 due to negligence, oversight or due to lack of conceptual clarity on various provisions of the GST Acts and Rules.

-This problem of making mistakes is mostly in every business house, whether it is small business or large business. GST IS A TAX WHERE 100% ACCURACY IS NEEDED IN RETURN FILING.

-Therefore, the taxpayer has to be extremely alert while filing his GST returns to avoid the burden of unnecessary reconciliations.

Why it is necessary to file correct return in GST

• In GST, the recipient can claim the ITC only then, when his supplier has paid the entire self-assessed tax and filed his correct return showing all the correct outward supplies since invoice matching is required to be done in GST. So correct return filing is necessary in GST.
• Now we are talking about the most common mistakes in GST which are being done by people due to negligence, oversight or due to lack of conceptual clarity ::-

Read more on: https://taxguru.in/goods-and-service-tax/33-mistakes-gst-returns.html