Growth CircleGST Compliance Checklist for Small Businesses
A practical monthly GST checklist covering invoices, reconciliation, input tax credit, return filing and record keeping.
Most GST problems come from small gaps that build up over months. This checklist helps you catch them early. Rules and due dates change, so confirm current requirements for your registration.
Every month
- Raise tax invoices with correct details: GSTIN, place of supply, HSN/SAC and tax rate.
- Reconcile your sales register with the outward return before filing.
- Reconcile purchases with the auto-generated input tax credit statement (GSTR-2B) and follow up with suppliers whose invoices are missing.
- Check that credit you claim is eligible. Some categories are blocked.
- Pay the tax liability and file the summary return on time, since late fees and interest add up.
- If you are under the quarterly scheme, keep the monthly payment discipline.
Where applicable
- E-invoicing and e-way bill requirements for your turnover and goods.
- Reverse charge on specified purchases.
Every year
- Reconcile annual returns with your books and financial statements.
- Review differences and correct them before filing the annual return.
Keep records
Store invoices, credit notes, e-way bills and reconciliations in an organised way. If a notice arrives, good records make the reply much easier.
Need help with this? See our GST service or book a consultation. This article is general information, not advice for your specific situation.
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