GST

1. GST registration and compliance

  • Ensure that the business is registered under GST and that all registration details, such as PAN and GSTIN, are up to date.

    Enter description text here.

  • Verify the correctness of details furnished in the GST registration form.

    Enter description text here.

  • Keep track of the GST registration status, expiry, and renewals.

    Enter description text here.

  • Update the GST registration details in case of any changes.

    Enter description text here.

  • Check and comply with the GST composition scheme if applicable.

    Enter description text here.

  • Check and comply with the GST annual return filing requirements and due date.

    Enter description text here.

2. GST return filing

  • File GST returns such as GSTR-1, GSTR-2, GSTR-3B, GSTR-4, GSTR-5, GSTR-6, GSTR-7, GSTR-8, GSTR-9 and GSTR-9C within the due date to avoid penalties

    Enter description text here.

  • Check the correctness and completeness of the GST returns filed.

    Enter description text here.

  • Reconcile GST credit as per GSTR-2A and GSTR-3B to ensure that all GST credit is claimed and no credit is missed out

    Enter description text here.

  • Keep track of the GST return filing status and compliance.

    Enter description text here.

  • Keep records of GST returns and invoices filed for future reference.

    Enter description text here.

  • Ensure compliance with GST return due dates.

    Enter description text here.

3. Record keeping and documentation

  • Maintained proper and accurate records of all GST-related transactions, including invoices, credit and debit notes, and GST returns.

    Enter description text here.

  • Ensure that all invoices issued have the required details like GSTIN, HSN code, and GST amount

    Enter description text here.

  • Keep track of GST payments and refunds.

    Enter description text here.

  • Keep records of GST input credit availed and utilised

    Enter description text here.

  • Keep records of GST refunds claimed and received

    Enter description text here.

  • Ensure compliance with GST record-keeping due dates.

    Enter description text here.

4. GST compliance of suppliers and customers

  • Ensure that all suppliers and customers are GST-compliant and have a valid GSTIN

    Enter description text here.

  • Check and verify the GST compliance of suppliers and customers.

    Enter description text here.

  • Keep records of GST compliance of suppliers and customers.

    Enter description text here.

  • Ensure compliance with GST supplier and customer compliance due dates.

    Enter description text here.

5. GST rates and compliance

  • Keep track of GST rates for various goods and services to ensure that the correct rate is applied to all transactions.

    Enter description text here.

  • Check and comply with GST compliance for exports and imports.

    Enter description text here.

  • Check and comply with GST compliance for the reverse charge mechanism.

    Enter description text here.

  • Check and comply with GST compliance for e-commerce operators.

    Enter description text here.

  • Check and comply with GST compliance for TDS and TCS.

    Enter description text here.

  • Ensure compliance with GST rate and compliance due dates.

    Enter description text here.

6. GST e-way bill compliance

  • Comply with the e-way bill system, if applicable

    Enter description text here.

  • Keep records of e-way bills generated and received.

    Enter description text here.

  • Keep track of e-way bill compliance.

    Enter description text here.

  • Check and comply with e-invoice compliance.

    Enter description text here.

  • Ensure compliance with GST e-way bill and e-invoice due dates.

    Enter description text here.

7. GST compliance for special schemes

  • Check and comply with GST compliance for job work.

    Enter description text here.

  • Check and comply with GST compliance for the works contract

    Enter description text here.

  • Check and comply with GST compliance for rental income.

    Enter description text here.

  • Check and comply with GST compliance for deemed exports.

    Enter description text here.

  • Check and comply with GST compliance for other special schemes.

    Enter description text here.

  • Ensure compliance with GST particular scheme due dates.

    Enter description text here.

8. GST compliance for specific industries

  • Check and comply with GST compliance for specific industries like real estate, banking, insurance, etc.

    Enter description text here.

  • Ensure compliance with GST industry-specific compliance due dates.

    Enter description text here.

9. GST compliance for specific transactions

  • Check and comply with GST compliance for specific transactions like mergers, acquisitions, liquidation, etc. - Ensure compliance with GST-specific transaction compliance due dates.

    Enter description text here.

10. GST compliance for specific events

  • Check and comply with GST compliance for specific events like GST council meetings, awareness, seminars, etc.

    Enter description text here.

  • Ensure compliance with GST-specific event compliance due dates.

    Enter description text here.

11. GST compliance with specific laws and regulations

  • Check and comply with GST compliance for specific laws and regulations like GST anti-profiteering, GST penal provisions, GST advance ruling, etc.

    Enter description text here.

  • Ensure compliance with GST-specific laws and regulations’ due dates.

    Enter description text here.

12. GST compliance

  • Keep updated with GST laws and regulations and take necessary action accordingly.

    Enter description text here.

  • Seek professional help from a chartered accountant or GST consultant if required

    Enter description text here.

  • Review and update the GST compliance checklist regularly. o Conduct an internal audit and GST compliance review to meet all GST compliance requirements.

    Enter description text here.

  • Conduct an internal audit and GST compliance review to meet all GST compliance requirements.

    Enter description text here.

  • Implement a system for monitoring and addressing GST compliance-related issues.

    Enter description text here.

  • Provide GST compliance training to employees and staff.

    Enter description text here.

  • If required, communicate with relevant government authorities and seek clarification on GST compliance-related queries.

    Enter description text here.

  • Ensure compliance with GST overall compliance due dates.

    Enter description text here.

Please note that due dates for GST returns and compliance may change as per the government notifications. It's essential to keep an eye on the updates.