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Retail Company Registration in Tiruppur - Filingpoint

Welcome to Filingpoint Best consultant for Retail Company Registration Expert +91 72999 72500 Filingpoint   Retail Company Registration in Tiruppur is one of the best options for aspiring entrepreneurs looking to start a business in India. A retail business offers an array of profitable opportunities, including the potential to sell a wide variety of goods and services to a broad customer base. It's important to understand the legal requirements and business structure needed for a retail venture before getting started. The process of registering a business in Tirupur is typically completed within 14 working days, subject to the quick submission of all necessary paperwork and approval from regulatory officials. Once complete, the Registrar of Companies will issue the Certificate of Incorporation , showing the official creation of your business and giving it a unique company identity number. Incorporating a business in Tirupur can be an overwhelming process ...
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10 Common Mistakes to Avoid While Filing GST Returns in India


10 Common Mistakes to Avoid While Filing GST Returns in India

"Call Our Business Plan Experts at +91-72999-72500"

Whether you're an established business or a start-up, there's no doubt that filing returns under GST is a complex and time-consuming process. Moreover, it's easy to make mistakes while filing GST returns online that can be costly for your business.

It's important to take extra care when filing GST returns, especially since there are no provisions for amending them. Incorrect GST returns can lead to penalties and interest that may significantly impact your bottom line. Hence, it's crucial to understand the common GST return filing issues and mistakes so that you can file your returns correctly every month.

One of the most common mistakes is declaring input tax credit that you're not eligible to claim. This can be a costly mistake as it can result in a loss of liquidity and short-term working capital. You must thoroughly check and verify your auto-populated GSTR-2A and GSTR-3B and purchase books to ensure that you're only claiming the amount of ITC that you're eligible for.

Another common mistake is paying the wrong GST rate. This can be a big problem if you're selling goods or services that fall under more than one GST rate. For example, if you're selling an item that's subject to both CGST and SGST, then you need to ensure that you're charging the right GST rate. You can do this by checking your GSTR-3B and invoice-level details to see which GST rate you're using.

 

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