SOP for Monthly GST Returns

Option for monthly return should be excercised for each quarter before 1 month from the start of the quarter

What Who When Why

Mail to be sent for data Respective person as per before 5th day of the For Accounting
requirements work allocation succeding month

Accounting of the entries Respective person as per before 8th day of the Filing of GSTR
work allocation succeding month 1
Filing of GSTR 1 Respective person as per before 11th day of the Leagl
work allocation succeding month Compliance

GSTR 2B Respective person as per before 15th day of the For ITC
work allocation succeding month Accounting
and Payment

Payment of GST Respective person as per before 18th of the To File 3B

work allocation succeding month
Filing of 3B Respective person as per before 22nd of the Succedin Legal complianc
work allocation
m the start of the quarter

How
- Data requirement should be sent over mail.
- Copy of the mail sent to be kept in GST folder of the resepctive
month with file name___________.
- Work status file to be updated for data received column with date
of data received.
- CGST/SGST on purchases should be accounted in ITC Not in 2A
Account.

- Bank entries, purchases and sales to be accounted in tally, wherever

applicable.
Precautions to be taken before filing of GSTR 1
- Ensure that all the sales and purchases are entered.
- Ensure that sales bills are serially numbered from last month.
- Ensure that Bank balances are reconciled.
Filing of GSTR 1
- Keep Sales Register exported from tally in respective months folder
with name in following format ClientName_Month_Sales.xls
- Invoices can be manually entered or uplodaed through excel utility.
- In case where you use excel utility please keep copy of utility file
also in folder with name in following format
ClientName_Month_Sales_Utility.xls
- Ensure that data filled in GSTR 1 matches with the tally data before
submitting.
- Keep Screenshot of the GSTR 1 filed in the folder with name in
following format ClientName_Month_GSTR1.JPEG

- The CGST/SGST on bills which are in GSTR 2B to be accounted in ITC

account with respective credit to ITC not in 2A Account.
- The bills which are in 2B but not physically availbale with the client
should be listed out and sent to the client. Do not account for the
bills which are not physically available with the cleint
- GST liability to be finalised immediately after accounting of 2B with
Name GST Liability.Xls

- Working for the payment should be sent to the client over mail and
save the mail in respective folder with name Mail_GST_Liability.pdf
- On filing soft copy of the GSTR-3B dwonloaded from site to be saved
in folder.
SOP for Monthly GST Returns
Option for quarterly return should be excercised for each quarter before 1 month from the start of the quarter

What Who When Why

Mail to be sent for data Respective person as per before 5th day of the For Accounting
requirements work allocation succeding month

Accounting of the entries Respective person as per before 8th day of the Filing of GSTR
work allocation succeding month 1
Filing of GSTR 1/IFF Respective person as per before 11th day of the Leagl
work allocation succeding month Compliance

GSTR 2B Respective person as per before 15th day of the For ITC
work allocation succeding month Accounting
and Payment

Payment of GST Respective person as per before 18th of the To File 3B

work allocation succeding month
Filing of 3B Respective person as per before 22nd of the SuccedingLegal complianc
work allocation
m the start of the quarter

How
- Data requirement should be sent over mail.
- Copy of the mail sent to be kept in GST folder of the resepctive
month with file name___________.
- Work status file to be updated for data received column with date
of data received.
- CGST/SGST on purchases should be accounted in ITC Not in 2A
Account.

- Bank entries, purchases and sales to be accounted in tally, wherever

applicable.
Precautions to be taken before filing of GSTR 1
- Ensure that all the sales and purchases are entered in tally.
- Ensure that sales bills are serially numbered from last month.
- Ensure that Bank balances are reconciled.
Filing of GSTR 1
- Keep Sales Register exported from tally in respective months folder
with name in following format ClientName_Month_Sales.xls
- Invoices can be manually entered or uplodaed through excel utility.
- In case where you use excel utility please keep copy of utility file
also in folder with name in following format
ClientName_Month_Sales_Utility.xls
- Ensure that data filled in GSTR 1/IFF matches with the tally data
before submitting.
- Keep Screenshot of the GSTR 1/IFF filed in the folder with name in
following format ClientName_Month_GSTR1.JPEG

- The CGST/SGST on bills which are in GSTR 2B to be accounted in ITC

account with respective credit to ITC not in 2A Account.
- The bills which are in 2B but not physically availbale with the client
should be listed out and sent to the client. Do not account for the
bills which are not physically available with the cleint
- GST liability to be finalised immediately after accounting of 2B with
Name GST Liability.Xls

- Working for the payment should be sent to the client over mail and
save the mail in respective folder with name Mail_GST_Liability.pdf
- On filing soft copy of the GSTR-3B dwonloaded from site to be saved
in folder.