25 MARCH/APRIL TASK FOR Year end compliances FOR GST &IT

MEGA THREAD

1. Opting or opting out Composition till 31-3 for FY 22-23 ( to whom applicable)

2. Opting or opting out QRMP till 30-4 for FY 22-23 ( to whom applicable)

3. Apply LUT in case of Exporters for FY 22-23

4. Completing your Accounting till 31st MARCH - Give all File of purchase + sale + Exp Bank statement of current accounts and Saving accounts to your Accountant till March 2022
SO THAT your March GST return will be ready and your Accounting data will be ready for FY 21-22

5. MARCH ADJUSTMENTS- Make provision for Expenses for March . E.g Salary, Rent, Audit fees, Accounting Fees, Telephone Bill, Electricity bills, Etc etc . Also Depreciation calculation

6. FOR 80C/80D/80CCD/80G/80GGC/80GGB -

Reminder to PAY YOUR LIC, MEDICLAIM, PPF AND OTHER OBLIGATIONS TO CLAIM DEDUCTIONS as soon as possible BEFORE 31ST MARCH

7. DN-CN  -
transactions like sale returns or purchase returns or price revision or volume discount  , the required necessary  Debit note or Credit notes may  be raised in March 2022 . So it will form part of Fin year 21-22  & you book in your accounts in FY 21-22 .