GST Compliance Checklist
Closing Financial Year 2025-26 | Key Deadlines
March 31, 2026, is approaching fast. To avoid late fees, penalties, and disruptions in your business operations for the new financial year, ensure these critical GST tasks are completed on time.
Due: March 31, 2026
Opt for Composition Scheme (CMP-02)
Taxpayers wishing to switch from Regular to Composition Scheme for FY 2026-27 must file Form GST CMP-02 on the portal before the deadline.
Due: March 15, 2026
GTA Forward Charge Declaration
Goods Transport Agencies (GTA) opting to pay GST under the Forward Charge Mechanism for the next FY must file a declaration in Annexure V.
Due: March 31, 2026
File Letter of Undertaking (LUT)
Exporters must file a fresh LUT for FY 2026-27 in Form GST RFD-11 to continue making zero-rated supplies without paying IGST.
Critical Year-End Reconciliations
E-Way Bill & E-Invoice Sync: Reconcile your data with the Sales Register (SR) to identify any gaps.
Other Income Reporting: Ensure sales of fixed assets or miscellaneous scrap income are correctly reported under GST.
Return Amendments: Review GSTR-1 and GSTR-3B for the past year; rectify any omissions before the year-end cutoff.
0 Discussion Comments
No comments yet
Be the first to share your thoughts on this article.