Video narration
Claiming GST Input Tax Credit can save cash—but only if it’s clean. Here are five common ITC mistakes. One: claiming ITC without a valid tax invoice. Two: claiming ITC on personal or non-business expenses. Three: ignoring GSTR-2B—if it’s not reflecting, your claim is at risk. Four: taking ITC from non-compliant vendors who don’t file or pay properly. Five: missing the statutory time limit for claiming ITC, so credits lapse. The fix is simple: do a monthly reconciliation—match your purchase register with GSTR-2B, follow up with vendors, and correct issues early. That reduces notices, demands, interest, and penalties—and protects your cash flow. Remember: GST compliance isn’t just filing returns; it’s maximizing eligible credits safely.