GST Reconciliation Checklist for Accounts Finalization : An Overview

Loading

GST Reconciliation Checklist for Accounts Finalization : An Overview 

Balance of Electronic Credit ledger with ITC in books

 

Balance of Electronic Cash ledger with excess cash paid in books

 

GST paid in cash in March return, with payables as per books

 

Instant Finance Updates – Telegram channel

 

Refund claimed in GST portal with GST ITC refund receivable in books

 

Refund rejected in GST portal with Rates and taxes in books

 

Turnover and output liability in GST returns and books

 

ITC claimed in GST returns and books

 

ITC reversed in GST returns and books

 

Ineligible ITC in GST returns and books

 

SCN/ ASMT 10/ Demand order with contingent liability/ liabilities

 

Adjustments of previous year, done in subsequent GST returns

 

Observations of internal auditors relating to GST matters

 

Ratio analysis across branches like GP/ NP rates (on quarterly basis)

 

RCM, TDS and TCS compliances

 

Reconciliation of GTO in books v. in FORM GSTR-1

 

Reconciliation of GTO in books v. in e-Way Bills

 

Reconciliation of GTO in Form GSTR-3B v. in FORM GSTR-1

 

ITC Reconciliation in FORM GSTR-2A v. FORM GSTR-3B

 

ITC Reconciliation in FORM GSTR-2A v. in Books

 

Reconciliation of accounts of the suppliers and vendors

 

Issuance of proper CN/ DN and their treatment in the Books & Returns

 

Whether cross-charge of certain incomes and expenditures are made.

 

Menu