Common Mistakes to Avoid While Filing GST Returns

Filing GST returns is a mandatory compliance for businesses registered under GST. However, many businesses make avoidable mistakes that can lead to penalties and compliance issues. Let’s look at the most common errors and how to avoid them.

1. Incorrect GSTIN Details
Entering wrong GSTIN while filing returns can lead to rejection of input tax credit.

2. Mismatch Between GSTR-1 and GSTR-3B
Data inconsistency between these forms may invite notices from GST authorities.

3. Late Filing
Delays attract late fees and interest, which increase compliance costs.

4. Wrong HSN Codes
Using incorrect HSN/SAC codes may lead to penalties.

5. Ignoring Input Tax Credit Reconciliation
Failing to reconcile ITC with GSTR-2B can cause financial loss.

Conclusion
A small mistake in GST returns can cost your business heavily. To avoid penalties, businesses should consult professionals for timely and accurate GST filing. CorpAdvisors provides expert GST filing services to ensure compliance without errors.