Why are Small Businesses Failing to Keep Up with GST Compliance?
GST has specific rules concerning record upkeep, filing returns, sending invoices, reporting purchases and sales, etc. These rules constitute part of GST compliance, which is mandatory for businesses registered under GST. But GST compliance isn’t as straightforward. Hence, many businesses, especially smaller ones, fail to comply with GST. During the GST transition period, small businesses … Read more