Filing GST returns is essential, but even small errors can lead to big penalties, notices, or ITC mismatches. Here’s a quick guide for small business owners to stay on the right track.
⚠️ 1. Not Reconciling Sales & Purchases
Mismatch between GSTR-1 and GSTR-3B or between books and portal data can lead to ITC denial. Reconcile monthly.
⚠️ 2. Filing NIL Returns When Sales Exist
Some businesses wrongly assume small transactions don’t need reporting. Always file correct sales—even if it’s ₹1.
⚠️ 3. Delays in Filing
Missing deadlines leads to late fees and interest. Automate reminders or hire a CA to file on time.
⚠️ 4. Claiming Ineligible ITC
Claiming ITC on blocked items like motor vehicles or personal expenses can get flagged during GST audits.
⚠️ 5. Ignoring GSTR-9 & Annual Returns
Even if you’re regular with monthly filing, skipping annual return can attract scrutiny. It’s a summary of the entire year.
How Ask To CA Helps:
We provide complete GST management — from registrations to filing GSTR-1, 3B, and 9 — with monthly reconciliation and compliance alerts.
