GST return filing is a crucial compliance activity for businesses in India. Errors in GSTR-1 and GSTR-3B can lead to ITC mismatches, penalties, and legal complications. Avoiding common mistakes ensures accurate tax reporting and hassle-free GST compliance.

Common Mistakes to Avoid While Filing GSTR-1 and GSTR-3B, Get Practical GST Course by SLA Consultants India, New Delhi

Common Mistakes in GSTR-1 Filing

1. Incorrect Invoice Details

• Mismatch in GSTIN, invoice number, date, or taxable value can lead to ITC rejection for buyers.
• Ensure all invoice details are entered correctly to avoid reconciliation issues. GST Course in Delhi

2. Missing or Delayed Reporting of Invoices

• If a sales invoice is not reported in GSTR-1, the buyer cannot claim ITC.
• Late reporting results in ITC getting delayed to the next tax period, affecting cash flow.

3. Wrong Classification of Supplies

• Misclassifying sales as B2B (Business-to-Business) instead of B2C (Business-to-Consumer) or vice versa can lead to mismatches.
• Also, incorrect reporting of export sales, zero-rated supplies, or exempt sales can cause compliance issues.

4. Not Updating Amendments in the Correct Period

• Corrections or amendments should be updated in the subsequent return period under the correct section.
• Failing to correct mistakes on time may lead to tax disputes.

5. Incorrect HSN Codes or Tax Rates

• Reporting the wrong HSN (Harmonized System of Nomenclature) code or GST rate can lead to tax shortfalls and interest penalties.
• Always verify HSN codes and tax rates before filing.

Common Mistakes in GSTR-3B Filing

1. Mismatch Between GSTR-1 and GSTR-3B

• The total outward supply declared in GSTR-3B must match GSTR-1.
• Mismatches may trigger GST audits and notices from tax authorities.

Common Mistakes to Avoid While Filing GSTR-1 and GSTR-3B, Get Practical GST Course by SLA Consultants India, New Delhi

2. Claiming ITC Without Checking GSTR-2B

• Input Tax Credit (ITC) should be claimed based on GSTR-2B, not purchase invoices alone.
• If a supplier hasn’t filed GSTR-1, ITC won’t reflect in GSTR-2B, leading to ITC rejection.

3. Incorrect ITC Reversal

• Certain ITC claims (like those on ineligible expenses) must be reversed in GSTR-3B.
• Not doing so can lead to interest and penalties during audits.

4. Errors in Tax Payment Calculation

• Underreporting or overreporting CGST, SGST, and IGST liabilities leads to wrong tax payments.
• Businesses should cross-check tax computations before submitting.

5. Late Filing Leading to Penalties

• GSTR-3B must be filed on time to avoid late fees and interest.
• Late fees: ₹50/day for taxable returns, ₹20/day for NIL returns.
• Interest: 18% per annum on delayed tax payments.

Practical GST Certification Course in Delhi by SLA Consultants India, New Delhi

To master error-free GST return filing, SLA Consultants India offers a Practical GST Course covering:

Step-by-step GSTR-1 and GSTR-3B filing
ITC reconciliation using GSTR-2B
GST registration and compliance
Tally and GST portal training
Live case studies and projects

Who Should Join?

Accountants, tax professionals, and business owners.
Commerce students looking to specialize in taxation.

Why Choose SLA Consultants India?

• Industry-expert trainers
• Job-oriented practical training
• Certification and placement assistance

Want to enroll? Get course details, fees, and duration now!

SLA Consultants Common Mistakes to Avoid While Filing GSTR-1 and GSTR-3B, Get Practical GST Course by SLA Consultants India, New Delhi, details with New Year Offer 2025 are available at the link below:

https://www.slaconsultantsindia.com/certification-course-gst-training-institute.aspx

https://slaconsultantsdelhi.in/gst-course-training-institute/

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