Goods and Services Tax, commonly known as GST, is a transformative taxation system in India. Launched on July 1, 2017, it aimed to streamline the country’s complex and multifaceted tax structure by unifying various taxes into one comprehensive framework. GST has simplified taxation and played a crucial role in bolstering India’s economy, fostering a more business-friendly environment, and catalysing economic growth.
In this article, we embark on a journey to explore the realm of GST return filing in India. Our main focus will be understanding the common pitfalls businesses often encounter in this process and providing insights on how to avoid them.