Topic: Detailed checklist for GST return filing

Brief:- 

Have you ever considered whether you're filing GSTR-1 and GSTR-3B every month correctly? Is there a rule book/protocols/SOP for your team to follow, or does each team member have their way of preparing and filing GST returns every month? Absence of that can hamper smooth and continuous compliance!

It's high time you give this a thought and avoid any trouble with the tax authorities since you may be missing more than one of the crucial steps in a hurry to file GST returns before the deadline. Did you know that reconciling your sales register with the general ledger is as essential as reconciling a draft GSTR-1 with the sales register? Moreover, with Table-4 of GSTR-3B revised, computation of reversals of input tax credit in GSTR-3B has turned out to be critical for accurate filing.

Watch the webinar by CA Vipul Gupta on 2nd May, 2023 from 4 to 5 p.m. to learn A-Z about GSTR-1 and GSTR-3B filing with a checklist for ready reference! 

Points to be covered:-

• Extraction of data from the ERPs
• Reconciliation of the data extracted with the GLs
• Sanity check of the data extracted
• Reconciliation with E-way bill and E-invoice
• Uploading on the ASP Tools
• Uploading to Govt Portal
• Filing of GSTR 1
• Extraction of Purchase Register and reconciliation with books of accounts
• Reconciliation with GSTR 2B
• Computation of Reversals
• Computation of Cash Liability
• Creation of Challan
• Set-off and filing of returns
• Closing balance reconciliation