GST Compliance Checklist for FY 2025-26 – Key Deadlines & Actions!

As the new financial year (FY 2025-26) begins, businesses must ensure they meet all GST compliance requirements to avoid penalties and ensure smooth operations. Here’s a comprehensive checklist to help you stay compliant with important GST obligations.

📌 Key GST Compliance Tasks for FY 2025-26

✅ 1. File LUT for Zero-Rated Supplies – Deadline: March 31, 2025

If your business is involved in exporting goods or services without payment of IGST, you need to furnish a Letter of Undertaking (LUT) on the GST portal before the new financial year starts. This prevents the need for IGST payment and ensures seamless exports.

👉 Action: File LUT via GST Portal under “User Services” before March 31, 2025.

✅ 2. Opt for the Composition Scheme – Deadline: March 31, 2025

Businesses with turnover up to ₹1.5 crore (₹75 lakh for special category states) can opt for the GST Composition Scheme by filing GST CMP-02. This scheme offers lower tax rates and simplified returns.

👉 Action: File CMP-02 on the GST portal before March 31, 2025, to opt for the scheme from April 1, 2025.

✅ 3. File ITC-03 for Composition Transition – Deadline: May 30, 2025

If a regular taxpayer switches to the Composition Scheme, they must file Form ITC-03 to reverse the Input Tax Credit (ITC) claimed earlier.

👉 Action: Ensure ITC-03 is filed by May 30, 2025 to avoid compliance issues.

✅ 4. Choose the QRMP Scheme – Deadline: April 30, 2025

Taxpayers with turnover up to ₹5 crores can opt for the Quarterly Return and Monthly Payment (QRMP) Scheme to file GSTR-1 and GSTR-3B quarterly while paying tax monthly.

👉 Action: Opt-in or opt-out of the QRMP Scheme via the GST portal before April 30, 2025.

✅ 5. Reset Invoice Number Series – Effective from April 1, 2025

Every financial year, businesses must reset their invoice number series to maintain uniformity in record-keeping and compliance.

👉 Action: Update your accounting software to start a fresh invoice numbering sequence from April 1, 2025.

✅ 6. Reconcile ITC with GSTR-2B & GSTR-3B

Mismatches in Input Tax Credit (ITC) can lead to notices from the GST department. Ensure that ITC claimed in GSTR-3B matches the eligible ITC reflected in GSTR-2B.

👉 Action: Before filing returns, reconcile purchases with GSTR-2B and rectify any mismatches.

✅ 7. Update HSN Codes & Comply with E-Invoicing Rules

The HSN Code (Harmonized System of Nomenclature) requirement is mandatory for businesses as per GST Phase-III regulations. Ensure that your invoice format is updated and you are compliant with e-invoicing rules if applicable.

👉 Action: Verify and update HSN codes in your invoices and GST returns.

⏳ Why Timely GST Compliance is Important

✔️ Avoid penalties & legal notices.
✔️ Ensure seamless business operations.
✔️ Prevent unnecessary tax liabilities & interest payments.
✔️ Stay compliant with evolving GST regulations.

📞 Need Assistance? Contact Us!

📞 Phone: +91 9600076134 / 6374812546
📧 Email: auditsiva2@gmail.com
🌐 Website: www.taxlaservices.com

Stay ahead with GST compliance! Follow this GST checklist to ensure a smooth start for FY 2025-26.

#GSTCompliance #GSTChecklist #TaxFiling #BusinessTax #TaxUpdates #GSTReturn #TaxlaServices



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