- GST compliance checklist for 2025 by Swati Ajmera
- Businesses must stay proactive to avoid penalties and ensure smooth tax operations
- Submission of Letter of Undertaking (LUT) by March 31, 2025
- Opting for the Composition Scheme by filing Form CMP-02 by March 31, 2025
- Selection of Quarterly Return Monthly Payment (QRMP) scheme by April 30, 2025
- Implementation of new invoice series starting April 1, 2025
- Reassessment of aggregate turnover for FY 2024-25
- Reconciliation of Input Tax Credit (ITC) for FY 2024-25
- Review of Reverse Charge Mechanism (RCM) liabilities
- Timely compliance with GST regulations is essential for businesses to avoid legal complications
Source: irisgst.com
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.
