GST Compliance Checklist for Small Businesses in India

GST Compliance: A Complete Checklist

Goods and Services Tax compliance is essential for businesses across India. Non-compliance can lead to heavy penalties and disruption of business operations.

Monthly Compliance Tasks

By the 11th of Every Month

By the 20th of Every Month

Quarterly Tasks (for businesses under QRMP scheme)

Annual Compliance

E-invoicing Requirements

Businesses with turnover exceeding ₹5 crores must generate e-invoices. Key points:

1. Register on the e-invoice portal

2. Generate IRN for every B2B invoice

3. Ensure ERP/billing software is e-invoice compatible

4. Auto-populate GSTR-1 from e-invoices

Input Tax Credit Best Practices

Penalties for Non-Compliance

ViolationPenalty

|-----------|---------| Late filing of GSTR-3B₹50/day (₹20/day for nil return) Late filing of GSTR-1₹50/day Non-issuance of invoice100% of tax due or ₹10,000 Incorrect ITC claimITC amount + 24% interest

Professional Support

Navigating GST compliance can be complex. Our team at Ritik Jindal & Associates provides comprehensive GST support for businesses across Pan India, ensuring you never miss a deadline.