New Financial Year. Same GST mistakes? Or smarter strategy?
- shahmadhura
- Apr 24
- 1 min read
I’ve put together a practical GST Action Plan covering key decisions every business must evaluate at the start of the year 👇
📌 Turnover-based applicability (Composition, E-invoicing, QRMP)
📌 Letter of Undertaking (LUT) for exports
📌 Critical year-end & opening reconciliations
📌 ITC reversals under Rule 37 / 42 / 43
📌 Mandatory ISD mechanism
📌 Industry-specific declarations (like hotels)
📌 GST readiness checklist
If you get these decisions right at the start…
👉 Compliance becomes smoother
👉 Risks for Notices might reduce significantly

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