Topic: Year-end Compliances with GST Perspective

Brief: 

GST law and rules underwent various amendments during FY 2022-23, that if not accounted for during the compliance, creates complications at the time of annual GST reconciliations and annual return filing. 

Some of the action items on the year-end GST compliance checklist include verification of export and SEZ supplies involving LUT, related party transactions or distinct party transactions, reimbursements, tax payment as a goods transport agency, invoice series check, HSN digit, etc.

Register for the interesting webinar session where our tax expert CA Surbhi Punshi will explore various year-end GST compliances for FY 2022-23 and how to take actions.

Points to be covered :

• e-Invoicing applicability and use of dynamic QR code
• Impact of export and SEZ supplies such as LUT, missing shipping details, refund claim, etc
• Mail to the customer to comply with supply disclosure in GSTR-1 to avoid any future dispute
• Related party transactions and distinct party transactions
• Reversal of ITC as per CGST Rules 42 and 43
• Amendment or correction in GSTR-1
• GST implications on reimbursements
• Opting for various schemes such as composition, QRMP, payment of tax by GTA, etc
• Input tax credit related (ITC recon for FY 2022-23, deferred ITC, reclaim of ITC, and closing ITC matching)
• RCM liability and ITC
• Invoice series
• HSN digit on Invoice
• Other important items on the year-end GST checklist.

 See You!

Team Clear