Introduction As they rightly say “Prevention is better than cure”, a Professional can prevent the impact of serious errors or mistakes of an auditee which otherwise could lead to increased demand of Tax, Penalty and interest having impact on continuity of business as well. However, there are number of errors which are common and could be avoided by the Auditee if an Auditor brings them to their notice. A few avoidable common errors to ensure better GST compliance are discussed in this Article. The errors have been classified into Conceptual, System and Compliance errors.
Source Taxguru
