- 1. Reconcile the input tax credit register for the FY 2021-22 with GSTR 2B
- 2. Benefit of GST reversal on Credit notes pertaining to financial year 2021-22
- 3. Reconciliation of GSTR 1 and GSTR 3B
- 4. Reversal of input tax credit as per Rule 42 and 43
- 5. Comply with RCM liability for the FY 2021-22 and claim the ITC
- 6. Non-payment of consideration by recipient within 180 days from the date of invoice
- 7. Revenue Reconciliation: Revenue as per audited/provisional financial statement should be reconciled with the turnover reported in GST returns for FY 2021-22.
- 8. E-invoicing is applicable on Taxpayers having Aggregate Turnover more than INR 10 Crores in any of the previous financial year (after 01 July 2017) w.e.f 01 October 2022.
Source Taxguru
Latest Posts in "India"
- GST on Mining Lease Royalty: Classification, Applicable Rate, and Reverse Charge Mechanism Clarified
- CESTAT: Software Preloaded in Imported Hardware Includible in Customs Value, No Penalty on Wipro
- GST Compliance for Foreign Currency Invoicing: Key Requirements for Indian Exporters
- US Formally Lifts Russia-Linked 25% Tariff on Indian Imports, Confirms 18% Reciprocal Rate
- Fake GST Invoice Scams Persist Despite Crackdown: Shell Firms, Circular Trading Fuel Tax Evasion
