Finalization of books under GST in March-April 2026 in light of Recent Developments

Vivek Jalan | Last updated: 04 April 2026

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As GST 2.0 is set to be implemented in FY 25-26, finalizing your books for March-April 2026 requires careful attention to recent developments. This guide outlines key operational areas, including validating new vendors under the 3-day registration scheme, properly accounting for discounts and credit notes in line with new circulars, and ensuring GST rates and HSN codes are updated. It also covers reconciling ITC with GSTR-2B, matching outward supplies, and addressing place of supply rules for services, especially involving international parties.

GST Books closure in March-April 2026 assume signigficance due to the implementation of GST 2.0 in FY 25-26. In this article we synthesize the key issues and pointers to take into account, into a single operational framework so that it acts as a ready reference: 1. KYC of vendors registered under New 3 Day GST Registration framework: Flag new vendors who have been registered under the new 3-day registration scheme under Rule 14A of CGST Rules. Ensure KYC validation for those vendors inclu

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1 Year PLAN

1999

(Excl. of GST ₹359)

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2 Years PLAN

3499

(Excl. of GST ₹629)

3 Months PLAN

999

(Excl. of GST ₹179)

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About the Author

Vivek Jalan

DESIGNATED PARTNER

Mr. Vivek Jalan is a FCA, Qualified LL.M (Constitutional Law) and LL.B. He is the Chairman of The Fiscal Affairs and Taxation Committee of The Bengal Chamber of Commerce and Industry. He is the Convenor on Indirect Taxes of the CII- Economic Affairs and Taxation Committee (ER); He is also a visiting faculty for Indirec ... Read more

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