Rostfrei Steels Interview Questions, Process, and Tips

The accuracy of the information on the invoice.

• Check the vendor name and address

• Verify the date of the invoice

• Ensure the invoice number is correct

• Confirm the items and quantities ordered

• Check the unit prices and total amounts

• Verify any applicable taxes or discounts

• Ensure the payment terms are accurate

The most important thing in Purchase and Sales item in GSTR3B is accurate reporting of taxable value and tax amount.

• Accurate reporting of taxable value and tax amount is crucial for correct calculation of input tax credit and output tax liability.

• Any errors in reporting can lead to incorrect calculation of GST liability and result in penalties and interest.

• It is important to reconcile the purchase and sales data with t...read more