A trader’s GST compliance is concentrated in the purchase register, the GSTR-2B reconciliation and the HSN/rate classification. A trading notice typically alleges excess ITC, a supplier default or a wrong classification. The defence is the reconciliation and the documentation.
The Purchase Register and GSTR-2B
The trader should maintain a purchase register with the supplier GSTIN, invoice number, taxable value, tax amount and the GSTR-2B status. The monthly reconciliation should identify the eligible ITC, the ineligible ITC and the differences. A supplier default should be investigated before the credit is claimed.
The HSN and Rate Discipline
The trader should maintain a product-wise HSN master and should apply the correct rate. A wrong HSN that results in a lower rate is a short-payment risk; a wrong HSN with the correct rate is a reporting defect. The trader should obtain an advance ruling where the classification is genuinely uncertain.
The E-Way Bill Discipline
The e-way bill “ship from” address must match a declared place of business. A mismatch is a common enforcement trigger. The trader should declare additional places of business where goods are stored.
What the Consultant Does
The consultant assists with the purchase-register reconciliation, the HSN master and the e-way-bill compliance. The value is in the monthly discipline that keeps the ITC and classification positions defensible.
Call to Action: We advise traders on ITC reconciliation, HSN classification and e-way-bill compliance. For a trading-compliance review, contact office@anujdesaiassociates.com, Ph No. 9619456656, Website https://anujdesaiassociates.com, LinkedIn linkedin.com/in/ca-anuj-desai-122547230.