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GST reconciliation is the matching of outward and inward supplies with the GST returns as well as the various sales and purchase registers.
Reconciliation of indirect taxes with sales registers is not uncommon and was done even at the time Sales tax, VAT & excise duties.
However, with GST due the element of the buyer claiming input tax credit for the sale made by the supplier, the entire chain has got connected with end to end reconciliation possible and necessary now.
| GSTR 2B Reconciliation This entails matching of the suppliers’ GSTR 2B returns with the purchase register. | GSTR 6 Reconciliation Matching purchase invoices with GSTR 6A. |
| E-way Bill - GSTR 1 Matching of E-way Bills with GSTR 1. | Pan India GSTIN Multiple GSTIN reconciliation specifically for matching of GSTR 2A with purchase register. |
| GSTR 1 - GSTR 3B Match quarterly and monthly returns to ensure annual returns are smooth. | GSTR 2A - GSTR 3B Ensuring GSTR 2A and 3B reconcile and that calculations of tax liability are finally correct. |
Sales Register - GSTR 1 Matching the Sales register with GSTR 1 to avoid mismatches in returns. | Sales Register - GSTR 3B Reconciling differences if any between the net sales register and GSTR3B. |
GST reconciliation is the matching of outward and inward supplies with the GST returns as well as the various sales and purchase registers.
Reconciliation of indirect taxes with sales registers is not uncommon and was done even at the time Sales tax, VAT & excise duties.
However, with GST due the element of the buyer claiming input tax credit for the sale made by the supplier, the entire chain has got connected with end to end reconciliation possible and necessary now.
| GSTR 2B Reconciliation This entails matching of the suppliers’ GSTR 2B returns with the purchase register. | GSTR 6 Reconciliation Matching purchase invoices with GSTR 6A. |
| E-way Bill - GSTR 1 Matching of E-way Bills with GSTR 1. | Pan India GSTIN Multiple GSTIN reconciliation specifically for matching of GSTR 2A with purchase register. |
| GSTR 1 - GSTR 3B Match quarterly and monthly returns to ensure annual returns are smooth. | GSTR 2A - GSTR 3B Ensuring GSTR 2A and 3B reconcile and that calculations of tax liability are finally correct. |
Sales Register - GSTR 1 Matching the Sales register with GSTR 1 to avoid mismatches in returns. | Sales Register - GSTR 3B Reconciling differences if any between the net sales register and GSTR3B. |
