Reconciliation:
Input Tax Credit (ITC): Reconciliation between books of accounts and ITC availed in Form GSTR-3B, and cross reference to GSTR -2A
Outward supplies and Output Tax:
Reconciliation between books of accounts and GSTR-3B, and cross reference to GSTR -1
Letter of Undertaking (LUT): Letter of undertaking is required for the purpose of making exports without payment of Integrated Tax. LUT has to be applied for each financial year.
Document Series: Consecutive serial number in one or multiple series, unique for a financial year for following documents Tax Invoices, Debit Notes and Credit notes.
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