GST

A clear guide to help SME owners determine if their business requires a tax audit under Section 44AB of the Income Tax Act.

Quick Answer The most common GST filing errors include mismatches between GSTR-1 and GSTR-3B, claiming ineligible Input Tax Credit (ITC) without checking GSTR-2B, filing returns late (attracting late fees + 18% interest), incorrect HSN/SAC codes, and ignoring Reverse Charge Mechanism (RCM) liabilities. To avoid these, implement a strict monthly reconciliation process, automate invoice validation, and

Many small businesses in Kerala delay GST filing, thinking it’s just another routine formality. But when deadlines are missed or invoices don’t match, it turns into a costly headache.For SMEs in Thrissur and across Kerala, staying compliant isn’t just about avoiding penalties — it’s about keeping your business trustworthy, loan-ready, and stress-free. What is GST