GST
GST Compliance
Definition
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What is GST Compliance?
GST Compliance refers to adhering to all GST laws, rules, and regulations including timely registration, accurate invoice issuance, proper maintenance of records, timely filing of returns, and payment of taxes. Good GST compliance helps businesses avoid penalties, interest charges, legal notices, and maintains a healthy relationship with tax authorities. Non-compliance can lead to prosecution and business disruption.
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