GST Compliance and Accounting in India
Goods and Services Tax (GST) is one of the most critical monthly compliance workflows for Indian SMEs. Ensuring that your purchases match GSTR-2B is essential to claiming full Input Tax Credit (ITC) and avoiding tax notices or interest payments.
Key GST Accounting Workflows We Manage
- Voucher Entry & HSN Coding: Classifying all sales and purchase invoices with correct HSN/SAC codes and tax rates (5%, 12%, 18%, 28%).
- ITC Reconciliation (GSTR-2B vs Books): Reconciling purchase registers with GSTR-2B quarterly or monthly. We flag vendors who haven't uploaded invoices so you don't lose credit.
- E-invoicing & E-way Bill Setup: Posting data for e-invoicing compliance and preparing dispatch registers for e-way bills.
- TDS/TCS Reconciliation: Matching monthly GST TDS/TCS credits on the portal with accounting ledgers.
Outsourced vs In-House GST Support
Building an in-house accounting team to manage GST reconciliations and daily entries can be expensive. Hiring a dedicated remote accountant gives you institutional-grade compliance workflows at a fraction of the cost. We prepare clean trial balances, ledger reviews, and tax registers, which speeds up your year-end audits and GST audits with your CA.