Multiple reconciliation options are accessible on the GST portal, aiding taxpayers in aligning their data across different returns. These tools facilitate the process of determining the final tax liability for the annual return.
Let's understand the process!
Let's understand each report one by one!
This is a report to represent the quantum of liability auto-populated from GSTR-1 /IFF and declared /paid in GSTR-3B. In case, any payment is made through Form GST DRC-03 with the Cause of payment as Liability mismatch –
GSTR-1 to GSTR-3B, then such payment(s) are also treated as payment towards liability and the percentage of liability paid is updated accordingly for a tax period. The liability paid percentage is displayed for a particular period when both GSTR-1 and GSTR-3B for the month /quarter are filed and GSTR-2B is generated.
This report is prepared as an indicator of the compliance behavior of the taxpayer.
This report contains 2 parts. One is a comparison of the sum of outward tax liability from GSTR-1/IFF and GSTR-3B and the other is the Input tax credit claimed and due from GSTR-3B and GSTR-2A /2B.
ITC claimed in GSTR-3B is net of reversal of ITC and includes reversal made on account of reverse charge. Therefore, ITC reflected in GSTR-3B might be lesser than that is auto-populated in GSTR-2B.
This report contains the details of tax liability declared in GSTR-1/IFF and GSTR-3B.
following tables of GSTR-1/IFF have been considered for computing the liabilities:
From GSTR-3B, table 3.1(a) is considered for the comparison of liabilities.
This report contains the details of tax liability declared in GSTR-3B and reverse charge amount auto-drafted in GSTR-2A/2B under different tax heads.
From GSTR-3B, table 3.1(d) is considered for the comparison of liabilities.
The following tables of GSTR-2A have been considered for computing reverse charge liabilities:
The following tables of GSTR-2B have been considered for computing reverse charge liabilities:
This report contains the details of tax liability declared in GSTR-1/IFF and GSTR-3B under different tax heads.
The following tables of GSTR-1/IFF have been considered for computing the liabilities:
From GSTR-3B, table 3.1(b) is considered for the comparison of liabilities.
This report contains the details of ITC claimed in GSTR-3B and accrued as per GSTR-2B.
The following tables of GSTR-3B have been considered for computing the ITC claimed excluding ITC reversal (applicable from August 2022 onwards):
The following tables of GSTR-3B have been considered for computing the ITC claimed considering ITC reversal (applicable from August 2022 onwards):
The following tables of GSTR-2B have been considered for computing ITC accrued:
This report contains the details of ITC claimed in GSTR-3B and accrued as per GSTR-2B.
From GSTR-3B, table 4(A)(1) is considered for the ITC claimed on import of goods.
The following tables of GSTR-2B have been considered for computing ITC accrued:
Note:
In case of amendments only differential amount (Amended – Original) are considered.
This report contains difference in ITC claimed on inward RCM supplies in GSTR-3B and Reverse charge liability declared in GSTR-3B.
The following tables of GSTR-3B have been considered for computing ITC claimed on inward RCM supplies:
The following tables of GSTR-3B have been considered for reverse charge liability declared:
Table 3.1(d) – Inward supplies liable to reverse charge
The assortment of comparative reports accessible on the GST portal empowers taxpayers to verify the accuracy of their data and facilitates the seamless preparation of their annual return.
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