Monthly Compliance Checklist
A running monthly checklist for a registered Indian business, so nothing lapses between annual deadlines.
- For:
- Business owners and in-house accountants
- Items:
- 21
Patel Tax Advisors · +91 79846 53640 · info@pateltaxadvisors.com
Bookkeeping
- Record all sales invoices for the month
- Record all purchase invoices and expense bills
- Reconcile every bank account
- Reconcile cash balance against the cash book
- Review outstanding receivables and payables
GST
- Reconcile purchases against GSTR-2B
- Flag suppliers who have not filed, and chase them
- File GSTR-1 with complete outward supply detail
- File GSTR-3B and pay the net liability
- Confirm e-way bills were raised where required
- Verify e-invoicing compliance, if applicable to your turnover
TDS & payroll
- Identify payments attracting TDS this month
- Deposit TDS by the monthly due date
- Process payroll and issue payslips
- Deposit PF and ESI contributions
- Keep the deductee register updated for quarterly returns
Review
- Review the month's profit and loss against budget
- Check the cash flow position for the next 60 days
- Confirm no statutory notice has gone unanswered
- Diarise anything due in the coming month
- File the month's documents so year-end is not a scramble
General guidance only, not advice on your specific situation. Tax rules change — confirm the current position before acting. See our disclaimer.
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