- 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
