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**Introduction:**

Once you've set sail on the GST (Goods and Services Tax) journey, compliance becomes your guiding star. At Alliance Tax Experts, we understand that navigating the intricate waters of GST regulations can be challenging. Here's a comprehensive guide to ensure your ship sails smoothly in the sea of compliances.

**Compliance Checklist:**

1. **Visible GST Number:**

   - Display your GST number prominently on your business name board.

2. **Registration Certificate Display:**

   - Ensure your GST Registration Certificate is visible to customers at your business premises.

3. **Supplier Communication:**

   - Provide your GST number to suppliers, urging them to upload invoices in their GSTR-1 for seamless Input Tax Credit.

4. **Invoice Accuracy:**

   - Select the appropriate invoice copy for your sales, ensuring correct GST rates.

5. **Document Maintenance:**

   - Keep duplicates of debit/credit notes, receipts, payment vouchers, and maintain a stock register.

6. **Complete Record Keeping:**

   - Don't overlook any purchases, possessions, or bills to avoid losing input tax credit.

7. **HSN Code Accuracy:**

   - Identify the correct HSN code or SAC, collect and remit the output tax.

8. **Place of Supply Identification:**

   - Determine the correct place of supply for charging CGST/SGST or IGST.

9. **E-Way Bill Preparation:**

   - Generate an e-way bill for goods exceeding Rs.50,000 in value.

10. **Reverse Charge Mechanism Awareness:**

    - Understand if your incoming supply is subject to the reverse charge mechanism.

**Ongoing Responsibilities:**

11. **Timely GST Return Filing:**

    - File your GST returns within the prescribed deadlines.

12. **Employee Education:**

    - Educate your employees about compliance and workplace ethics.

13. **Regular GSTR-2A Checks:**

    - Regularly check GSTR-2A to track supplier invoice uploads on the GST portal.

14. **Prompt Response to Notices:**

    - Respond promptly to any departmental notices.

15. **Amendments and Updates:**

    - Make necessary amendments to your GST registration.

16. **Consult with Tax Experts:**

    - Stay connected with your tax consultant for guidance and updates.

17. **Annual Return Filing:**

    - After the financial year, file GSTR annual return and audit GST records if applicable.

18. **E-Invoicing for Higher Turnovers:**

    - If your turnover exceeds the specified limit, implement e-invoicing.

19. **Creditor Payments:**

    - Ensure timely payments to creditors within 180 days to avoid disallowance of GST credit.

**Why Choose Alliance Tax Experts?**

At Alliance Tax Experts, we offer invaluable and trusted expertise to handle your GST compliances effortlessly.

**Benefits:**

1. **Cost Savings:**

   - No need for an additional accountant.

  2. **Professional Team:**

   - Experienced professionals to handle your work.

3. **Quick Services:**

   - Swift and efficient services.

4. **In-House Accounting:**

   - Accounting work done by the expert Alliance Team.

5. **Data Security:**

   - Ensured security of your financial data.

**Conclusion:**

Navigating the seas of GST compliance doesn't have to be a daunting task. With Alliance Tax Experts by your side, you can sail smoothly, ensuring your ship stays on course with all regulatory requirements.

**Contact Santosh on 9769201316 for seamless handling of your GST Compliances.**

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