Common Mistakes to Avoid While Filing GSTR-1 and GSTR-3B, Get Practical GST Course in Delhi, 110036, by SLA Consultants India, New Delhi

Common Mistakes to Avoid While Filing GSTR-1 and GSTR-3B

Filing GSTR-1 and GSTR-3B accurately is crucial for GST compliance. Errors in these returns can lead to penalties, loss of Input Tax Credit (ITC), and legal complications. Here are the most common mistakes to avoid:

Common Mistakes to Avoid While Filing GSTR-1 and GSTR-3B,  Get Practical GST Course in Delhi, 110036, by SLA Consultants India, New Delhi

GSTR-1 Mistakes:

• Entering incorrect GSTIN of recipients, which prevents proper reflection of invoices in the recipient’s GSTR-2A and may deny them ITC

• Providing wrong or incomplete invoice details, such as incorrect invoice numbers, dates, or taxable values. This can cause mismatches and complications in reconciliation.

• Missing invoices: Not including all issued invoices in GSTR-1 leads to discrepancies and may require amendments

• Wrong HSN/SAC codes: Incorrect classification of goods/services can result in compliance issues and scrutiny.

• Not reporting exports or supplies to SEZs, which can result in loss of zero-rated supply benefits

• Filing returns late, which attracts penalties of Rs. 200 per day, up to Rs. 5,000.

GSTR-3B Mistakes:

• Data mismatches between GSTR-1 and GSTR-3B, especially in taxable value, tax amount, or ITC claimed

• Incorrect reporting of outward and inward supplies, leading to mismatches and possible scrutiny

• Over-claiming or under-claiming ITC compared to GSTR-2B. Excess claims must be reversed with interest in the next return.

• Not reconciling GSTR-3B with GSTR-1, GSTR-2A/2B, and books of accounts before annual return finalization, risking compliance issues and missed credits.

General Errors:

• Selecting the wrong return frequency (monthly/quarterly) at the start of the financial year. This option can be changed only once, so utmost care is needed.

• Negligence or lack of GST knowledge among preparers, emphasizing the need for proper training

Practical GST Course in Delhi by SLA Consultants India

For professionals and business owners in Delhi (PIN: 110036), SLA Consultants India offers a comprehensive Practical GST Course in Delhi designed to address these common issues and provide hands-on training

Course Highlights:

• Detailed modules on GSTR-1 and GSTR-3B preparation, filing, and reconciliation

• Real-life scenarios and practical tips for error-free compliance.

• Training on handling GST scrutiny notices, ITC claims, and tax payment strategies.

• Focus on reconciling returns to avoid mismatches and penalties.

• Expert-led sessions, updated for the latest GST rules and best practices

Common Mistakes to Avoid While Filing GSTR-1 and GSTR-3B,  Get Practical GST Course in Delhi, 110036, by SLA Consultants India, New Delhi

Benefits:

• Gain confidence in filing accurate GST returns.

• Minimize compliance risks and avoid costly mistakes.

• Stay updated with current GST regulations and practical solutions.

Location: SLA Consultants India, New Delhi (serving PIN 110036 and nearby areas).

Who Should Attend: Accountants, business owners, finance professionals, and anyone responsible for GST compliance.

Conclusion:
Avoiding common mistakes in GSTR-1 and GSTR-3B is essential for smooth GST compliance. Enrolling in a practical GST course, such as the one offered by SLA Consultants India in Delhi, equips you with the skills and knowledge to file returns accurately and handle real-world GST challenges effectively.

SLA Consultants Common Mistakes to Avoid While Filing GSTR-1 and GSTR-3B,  Get Practical GST Course in Delhi, 110036, by SLA Consultants India, New Delhi Details with "New Year Offer 2025" with Free SAP FICO Certification are available at the link below:

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

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

GST Training Courses

Module 1 - GST- Goods and Services Tax- By Chartered Accountant- (Indirect Tax)

Module 2 - Income Tax/TDS - By Chartered Accountant (Direct Tax)

Module 3 - Finalization of Balance sheet/ preparation of Financial Statement- By Chartered Accountant

Module 4 - Banking and Finance Instruments - By Chartered Accountant

Module 5 - Customs / Import and Export Procedures - By Chartered Accountant

Contact Us:

SLA Consultants India

82-83, 3rd Floor, Vijay Block,

Above Titan Eye Shop,

Metro Pillar No.52,

Laxmi Nagar, New Delhi - 110092

Call +91- 8700575874

E-Mail: hr@slaconsultantsindia.com

Website: https://www.slaconsultantsindia.com/