Post-registration compliance after GST Registration
Post-registration compliance after GST registration involves fulfilling multiple responsibilities to maintain compliance with GST laws. This involves submitting GST-compliant invoices on time, keeping correct financial records, and filing daily, weekly, or annual GST returns. Companies must also update any changes to their registration information, such as their address or business type, balance input tax credit with supplier filings, and pay GST duties on time. Penalties, interest costs, and even a cancellation of GST registration could result from compliance.