GST Registration In Arunachal Pradesh

Incorrect Documentation:
Failing to maintain accurate records, such as invoices, bills of supply, or purchase records, can lead to errors in GST filing. Proper documentation is essential for accurate compliance.

Invoice Errors:
Mistakes like incorrect GSTIN, wrong invoice numbers, or inaccurate tax calculations can cause compliance issues and attract penalties. Ensure accuracy in all invoice details.

Mismatch Between GSTR-2A and GSTR-3B:
Discrepancies between purchase data (GSTR-2A) and filed data (GSTR-3B) can lead to compliance challenges. Regular reconciliation is crucial to avoid inconsistencies.

Missing GST Return Deadlines:
Late filing of GST returns results in penalties. It’s important to stay updated on due dates and submit returns on time.

Unverified Supplier GSTIN:
Failing to verify suppliers’ GSTINs through the GST portal can lead to the denial of input tax credit if the GSTINs are incorrect or fake.

Misunderstanding the GST Composition Scheme:
Inadequate knowledge of the GST Composition Scheme can lead to incorrect filings. Ensure a thorough understanding of the scheme’s requirements and limitations.

Ignoring GST Notices and Compliance Requirements:
Neglecting GST notices or failing to meet compliance obligations can result in legal complications and heavy penalties. Address all notices promptly to avoid issues.