GST Compliances

GST Compliances – Key Highlights

• Refers to the timely and accurate fulfillment of all obligations under the Goods and Services Tax (GST) law.

• Includes regular filing of GST returns such as:

  • GSTR-1 (outward supplies)

  • GSTR-3B (summary return)

  • GSTR-9 (annual return)

  • GSTR-9C (reconciliation statement, if applicable)

• Ensures proper maintenance of books of accounts, tax invoices, and digital records as per GST norms.

• Regular reconciliation of purchase register with GSTR-2B for accurate Input Tax Credit (ITC) claims.

• Timely payment of GST liabilities to avoid interest, late fees, or penalties.

• Compliance with e-invoicing norms, where applicable, based on turnover.

• Filing of Letter of Undertaking (LUT) for exporters to claim zero-rated supplies without payment of tax.

• Assistance in responding to GST notices, audits, and departmental queries.

• Updating GST registration details in case of business changes like address, contact info, or nature of business.

• Periodic internal reviews to ensure classification of goods/services, tax rates, and exemptions are correctly applied.

• Essential for maintaining legal standing, availing ITC, and preventing tax disputes or penalties.