MSME / Business Compliance Checklist
Minchala & Associates, Chartered Accountants

A practical checklist for MSME registration, PMEGP / project-report inputs, accounting discipline, GST/TDS, payroll and recurring business compliance.

Checklist
1. Keep Udyam/MSME registration details and business constitution documents updated.
2. Maintain sales, purchases, expenses, bank records and monthly reconciliations.
3. Review GST, TDS, payroll, professional tax, PMEGP / project-report inputs and local registration applicability.
4. Track receivables, payables, inventory and statutory dues through a monthly close process.
5. Retain contracts, invoices, purchase orders and compliance acknowledgements.
6. Review compliance calendar and periodic management reports for decision support.

Disclaimer: This checklist is general educational guidance only and is not professional advice. Requirements depend on facts, current law, portal records, due dates, notifications and engagement scope. A formal professional engagement begins only after acceptance, independence/conflict checks and document review.