GST YEAR END CHECK LIST

"Ensuring timely and accurate GST compliance is essential for businesses to avoid penalties and improve operational efficiency. By calculating the Annual Aggregated Turnover (AATO) correctly and fulfilling key obligations such as einvoicing, QR code requirements, ITC-04 filing, and HSN code reporting, businesses can stay compliant and streamline their tax processes."

- CA Gaurav Kenkre

CA Gaurav Kenkre is a CA in practice for the last 11 years. He is a regular speaker at various professional organizations, trade bodies, MNCs and Government bodies. He also writes regularly in local as well as national publications. Besides this he holds various positions in bodies such as ICAI, GCCI, College bodies, Rotary etc.

As the year draws to a close, it's imperative for businesses to ensure their GST compliance is top-notch. This period presents a critical opportunity to complete essential compliance tasks. By fulfilling these obligations, taxpayers can minimize the risks associated with non-compliance while enhancing their overall operational efficiency.

1. Annual Aggregated Turnover (AATO)

Under GST law, there are a lot of activities that are dependent on the Annual Aggregated Turnover (AATO), businesses need to make sure to calculate their annual aggregated turnover before doing the following activities: