GSTR 3B DO'S AND DON'TS

Here are essential do's and don'ts for filing GSTR-3B! 📝 

Let's make tax compliance a breeze and take the stress out of managing your finances!

1) "Do's ✔️:

a) Ensure accurate GSTIN & filing period

b) Input correct taxable value & tax amounts

c) Confirm Input Tax Credit (ITC) availability

d) Pay any additional tax liability on time

e) File even if there's no business activity

f) Stay updated with applicable GST rates

g) Keep necessary documents handy"

2) "Don'ts ❌:

a) Don't file late to avoid penalties

b) Avoid incorrect or incomplete data entry

c) Don't miss out on claiming eligible ITC

d) Refrain from over or under-reporting liabilities

e) Don't ignore notices, rectify discrepancies ASAP

f) Avoid mismatches in supplies, invoices & taxes

g) Don't rely solely on software, double-check your entries"