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5 GST Mistakes to Avoid for Your Business

Posted on February 26, 2025 by Alliance Tax Experts Team

Navigating GST can feel like a minefield for businesses in India. From startups in Mumbai to traders in Navi Mumbai, one wrong step can lead to hefty fines or tax notices. At Alliance Tax Experts, we’ve guided countless clients through GST challenges—fast and hassle-free. Here are five common mistakes we spot regularly, plus tips to steer clear.

1. Delaying GST Registration

Crossed ₹20 lakh in turnover (₹10 lakh in special states)? You’ve got 30 days to register for GST, or penalties kick in—₹10,000 minimum, plus interest. We’ve seen Mumbai shop owners scramble after missing this for interstate sales.
Fix It: Track your sales monthly. Unsure if you qualify? Call Alliance Tax Experts at 9769201316—we’ll get you registered in 24 hours. Visit www.alltaxfin.com to kick things off.

2. Late GSTR-3B Filings

Your monthly GST summary, GSTR-3B, is due by the 20th (or 22nd/24th for some). Miss it, and you’re hit with ₹50/day fines (₹20 for nil returns), plus no input tax credit (ITC). A Navi Mumbai client once shelled out ₹12,000 extra for forgetting during peak season.
Fix It: Use reminders—or let us handle it. Alliance Tax Experts files GSTR-3B in 48 hours. Dial 9769201316 or check www.alltaxfin.com for a free quote.

3. Invoice Mismatches

GSTR-1 (sales) and GSTR-3B (summary) need to match. If they don’t, your suppliers lose ITC, and you risk a notice. We fixed this for a Mumbai exporter who nearly lost ₹40,000 in credits over sloppy data.
Fix It: Verify invoices before submitting. Alliance Tax Experts ensures everything aligns—call us at 9769201316 or visit www.alltaxfin.com for help.

4. Misclaiming Input Tax Credit

ITC isn’t a free-for-all—blocked items like personal expenses or gifts don’t count. A client once lost ₹25,000 claiming ITC on a team outing.
Fix It: Stick to Section 17(5) rules. Not sure? Alliance Tax Experts can optimize your ITC—reach us at 9769201316 or www.alltaxfin.com.

5. Forgetting GSTR-9 Annual Return

Every registered business must file GSTR-9 by December 31st for the prior FY. Skip it, and penalties stack up—₹200/day, max 0.5% of turnover. We saved a trader ₹25,000 by filing theirs last-minute.
Fix It: Prep early—it’s tricky. Or let Alliance Tax Experts sort it fast. Contact us at 9769201316 or www.alltaxfin.com.

GST Made Simple

Why wrestle with GST alone? Based in Mumbai and Navi Mumbai, Alliance Tax Experts delivers tax solutions in 48 hours—trusted by local businesses. Need registration, filing, or fixes? Call 9769201316 or visit www.alltaxfin.com today. Mention this blog for a free 15-minute consult!

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