- 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"
- Insurance Brokers Push for Zero-Rated GST to Restore Input Tax Credit and Prevent Premium Hikes
- Delhi High Court: ITC Re-credit Cannot Be Denied Due to GST Portal Technical Limitations
- Key GST and Customs Legal Updates: E-Filing, ITC, Refunds, and Recent High Court Judgments
- CBIC to Slash Customs Clearance Time to 1-48 Hours with New Integrated Digital System
- GSTAT E-Filing: Staggered Appeal Timelines and Limitation Rules Under Section 112 Simplified
