- Businesses and professionals must undertake various Goods and Services Tax compliance tasks for the end of the financial year FY 2023-2024
- Essential activities include opting for the GST Composition Scheme, updating invoices, documenting supplies received, reconciling sales turnover, and verifying Input Tax Credit
- Other important considerations include renewing the Letter of Undertaking for exporters, filing GST refund applications, evaluating the QRMP Scheme, and ensuring compliance with record-keeping and documentation laws
Source: taxscan.in
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
