Webinar

GST Annual Return Filing for FY 2023-24 : Compliance Checklist and Common Errors

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Brief

As the financial year 2023-24 has come to an end, CFOs and tax heads must focus on ensuring timely and accurate GST Annual Return (GSTR-9) filings. Staying compliant is crucial to avoid hefty penalties, prevent audits, and maintain smooth business operations. With the recent recommendation from the GST Council to roll out the Invoice Management System (IMS) and B2C e-Invoicing, the compliance landscape is set to evolve, making it even more important for businesses to adapt and stay informed about these changes. This webinar will guide you through a detailed compliance checklist for GST Annual Return filing, helping you avoid common errors that could impact your business.
Filing your GST Annual Return accurately is not just a regulatory requirement; it ensures that your business remains audit-ready and avoids scrutiny from tax authorities. Non-compliance can lead to interest, late fees, or penalties that could significantly affect your bottom line.

Why Attend :

  • Understand why staying compliant with GST regulations is critical to avoid penalties, audits, and disruptions in business operations.
  • Gain practical insights into avoiding common errors, managing ITC claims, and streamlining the reconciliation process.
Register Now to secure your spot and ensure your GST Annual Return is accurate, compliant, and penalty-free for FY 2023-24

Pointers :

  • Understanding GST Annual Return (GSTR-9) :
    • Overview of GSTR-9 filing requirements for FY 2023-24.
    • Key sections and data fields to focus on for accuracy.
  • Compliance Checklist :
    • Step-by-step guide to ensure complete and accurate reporting.
    • Documentation required for error-free filing.
    • Cross-verification with GSTR-1, GSTR-3B, and GSTR-2A/2B.
  • Common Errors to Avoid :
    • Data mismatches between returns (GSTR-1 vs. GSTR-3B).
    • Incorrect ITC (Input Tax Credit) claims and their implications.
    • Misreporting of outward supplies, tax rates, and exemptions.
  • Best Practices for Accurate Filing :
    • Reconciliation strategies to avoid penalties.
    • Ensuring compliance with Rule 42 for Input Tax Credit reversals.

Thought Leader :

Rajat Munjal

Senior Manager, Tax Specialist

Clear Tax

Speaker Bio :

Experienced Indirect Tax Specialist with expertise in managing GST and other indirect taxes across multiple industries. Proven track record in tax compliance, strategy development, and audit defense. Skilled in leveraging data analytics and technology to streamline tax processes and ensure regulatory adherence. Dedicated to delivering accurate, timely solutions that enhance operational efficiency and mitigate risk. Let's connect to discuss how I can add value to your organization's tax strategy

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