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GST Reconciliation

  • Customised reconciliation solutions

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  • Save time, effort & money

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How It Works

  1. Schedule a Call at time that works for you
  2. Speak with our consultant and share your documents
  3. Your GST reconciliation is done in 3 easy steps!

What is GST Reconciliation?

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. 

Types of GST Reconciliation

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.

Benefits of GST Reconciliation

  1. While GST returns may have been correctly filed, it is imperative to keep a check as debit notes and credit notes invariably lead a dynamic sales and purchase register against which tax is liable or claimable.
  2. Ensure that input tax claimed has been properly paid by the supplier, else such credit is unclaimable in the future.
  3. When reconciliations occur periodically, it becomes easier to file annual returns.

FAQs

  1. What is a debit note
  2. What is a credit note
  3. What is an e-way bill
  4. What is GSTR 6?
  5. What is input tax credit?

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What is GST Reconciliation?

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. 

Types of GST Reconciliation

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.

Benefits of GST Reconciliation

  1. While GST returns may have been correctly filed, it is imperative to keep a check as debit notes and credit notes invariably lead a dynamic sales and purchase register against which tax is liable or claimable.
  2. Ensure that input tax claimed has been properly paid by the supplier, else such credit is unclaimable in the future.
  3. When reconciliations occur periodically, it becomes easier to file annual returns.

FAQs

  1. What is a debit note
  2. What is a credit note
  3. What is an e-way bill
  4. What is GSTR 6?
  5. What is input tax credit?
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