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of <h1>Analyzing Financial Statements for GST Compliance: Key Steps in Reconciling Profit & Loss, Balance Sheets, and GST Returns.</h1> The process of analyzing financial statements for GST compliance, focusing on the Profit and Loss Account and Balance Sheet. It highlights the need for reconciliation between financial statements and GST returns, emphasizing the importance of understanding revenue, expenses, and various categories of income. It explains the classification of income, including operational and other income, and the significance of accurate mapping of financial data to GST returns. The document also discusses the role of auditors in verifying transactions, ensuring compliance with GST laws, and identifying discrepancies in financial reporting.
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