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As a shopkeeper, GST filing is crucial because it’s a legal requirement for businesses that have a turnover exceeding a certain threshold. If you’re registered under GST, you’re required to file regular returns that detail your sales, purchases, and taxes paid. Failure to file GST returns can result in penalties and fines, which can be financially damaging for small businesses. Additionally, GST registration and filing can provide a range of benefits, such as claiming input tax credit, which can help reduce your tax liability. By keeping your GST filing up to date, you can avoid any legal issues and ensure that your business stays compliant with tax laws.

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