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10 Common Mistakes made by a Taxpayer in GST

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  10 Common Mistakes made by a Taxpayer in GST 10 Common Mistakes made by a Taxpayer in GST 1. Forgetting Filing of GST Returns in case of NO BUSINESS. Many times, it had been seen that taxpayers take GST registration to start a business idea or simply to open a current account in a nationalized bank. But to save the money in fees of GST Consultant Services they avoid filing of GST Returns, if they do not have any transaction in the business. So, this is to tell you that even NIL GST returns attracts late fees if not filed on due time. 2. Update contact information of taxpayers and not of tax professionals. In the view of saving some time in filing of GST Returns most of the tax practitioners update Phone Number and Email ID of themselves and not of taxpayers. This may create problem as sometimes it has been seen that department of GST was not able to communicate the taxpayer due to non-availability of contact info and ultimately may result to harsh provisions for taxpayers and even fo