MSME Tips

# Monthly GST ITC Reconciliation Checklist for MSMEs Follow this monthly 7-step checklist between the 14th and 20th of every month to keep your business 100% GST compliant: - [ ] **Step 1:** Freeze purchase register entries for the preceding month by the 10th. - [ ] **Step 2:** Download GSTR-2B JSON/Excel from GST Portal on the 14th. - [ ] **Step 3:** Run GSTMatch automated fuzzy reconciliation. - [ ] **Step 4:** Review exact matches and verify total eligible ITC in rupees. - [ ] **Step 5:** Send missing invoice lists to non-compliant suppliers. - [ ] **Step 6:** Reverse ineligible credit (Sec 17(5) / Rule 37) in GSTR-3B Table 4(B). - [ ] **Step 7:** Archive monthly reconciliation audit report for future GST assessments.