Where do businesses tend to lose money on GST?

A lot of businesses lose money through GST input tax credits and bookkeeping issues. If expenses are not tracked properly or records are incomplete, valid credits get missed, and over time that becomes a real cost.

This usually ties back to the same underlying issue: inconsistent records. As outlined in 10 Corporate Tax Mistakes That Cost Real Money, poor record keeping and unreconciled books lead directly to missed deductions and higher tax paid than necessary