Year-End GST Checklist:

 Year-End GST Checklist:

As we approach the end of FY 2024-25, businesses need to wrap up key GST compliance activities to ensure a smooth transition into the new financial year. Here’s a quick self-check to help you stay on track: Preparation For FY 2025-26: 🔹 Have you checked your E-invoice applicability for FY 2025-26? (Turnover > ₹5 Cr) 🔹 Have you renewed your LUT for zero-rated supplies? 🔹 Have you implemented a new document series for invoices and GST records? Review of FY 2024-25: ✅ Input Tax Credit (ITC) & Reverse Charge Mechanism (RCM): 🔹 Have you reconciled ITC claims with GSTR-2B & books? 🔹Have you reconciled outward supplies with GSTR-1, GSTR-3B, E-way bills & books? 🔹 Have you reviewed ITC reversals under Rule 42 & 43? 🔹 Have you checked RCM applicability on expenses & imports? ✅ Other Key Compliances: 🔹 Have you claimed all GST TDS/TCS credits available on the portal? 🔹 Are you tracking job work materials to ensure compliance? 🔹 Are you opting for Composition Scheme or QRMP Scheme before the deadline? 🔹 Have you reviewed export compliance under Rule 96A?

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