Audit – Proof and Reconciliation of Tax Credit and Payable Through SCIGST

Filing of Annual Returns and Audit will require Matching of the Data, as per the GST Returns and the Books of accounts, Data Uploaded By You in GSTR-1 and Tax Paid via GSTR-3B ,Data Uploaded by your Supplier and Purchases as per your Books of Accounts and Credit Cliamed in GSTR-3B These are all data should match to avoid any future descripancies for Audit and to avoid notices from the GST Department  

Compare GSTR 2A with GSTR 2

What is GSTR-2A?
GSTR-2A is a auto-populated statement contains the information provided by your supplier in GSTR-1 of the outward supplies made to you during that tax period.

To avoid ITC Reversal It is highly required to Compare GSTR 2 and GSTR 2A i.e. Your Purchases (Claimed Credit)  with the Data uploaded by your supplier (Eligible Credit),  If number of records are high it is impossible to compare it manually or without having handy tool, For Tax Professional where number of clients are more it is also necessary for them to reconcile it and give appropriate report to serve their clients better way

SCIGST Provides Download of all Periods GSTR 2A through Single click option and Supplier-wise Auto Matching functionality of GSTR 2 and GSTR 2A and provide Match, Mismatch and Missing records separately. Following Results Shown in the Report

• Match : Purchase Invoices match with Invoice uploaded by your supplier. 
• Mismatch : Purchase Invoices does not match with data uploaded by your supplier. 
• Missing in GSTR 2A (GSTN) : Invoices present in your purchase data but it is not uploaded by your supplier. Meaning either your supplier has not filed GSTR 1 or missed this invoice in his GSTR 1 return. It is very important to report these invoices to your supplier so that you don't miss the ITC on these documents. 
• ​Missing in GSTR 2 (Your Account Data) : Invoices available in GSTR 2A (From GSTN) but not found in your purchase data. This means either you have missed this invoice in your purchase data or supplier has incorrectly reported that invoices. 
• Matching Parameter Configuration : Purchase invoices matches with invoices uploaded by your supplier with minor differences. You can configure  a difference amount or ignore the parameters like Invoice no , date etc.. 

Compare GSTR 2A with GSTR 3B

This Annual report analysis is highly recommended for Audit purpose and to check your ITC claimed in GSTR 3B for whole year is correct or required to reverse. Following points are important

• To avoid missing any ITC that you have not claimed yet
• Make corrections to your books of accounts before it is too late for FY 2017-18 
• Avoid any notice from GST department for any discrepancy between your books & supplier’s records
• Prevent yourself from any audit issues later
• Find out if your vendors are GST compliant and filing timely returns and take informed decisions of which vendors you want to deal with 

 
Compare GSTR 1 with GSTR 3B

This Comparision is necessary and being done by GSTN time to time to check your exact tax liability you have mentioned in GSTR 3B and Data uploaded in GSTR 1

SCIGST has given this feature from the beginning while uploading your GSTR 1 it matches data with GSTR 3B so you can check any descripancies before uploading your data of GSTR 1 and vice versa in Monthly cases Data Uploaded in GSTR 1 is transferred to GSTR 3B outward supplies and and provide matching analysis

Above all Data and comparision analysis is required for filling Annual returns and Audit purpose as well as to manage your ITC claimed ,

SCIGST is providing all these comparision in consolidated as well as in detailed format to analyse the data uploaded by you and your supplier with data available in your books of accounts.

Unfilled Returns

It is our observation that because of filing of returns are more and the time period for return filing is very limited some returns are left unfilled we have taken a special care and designed a report for all the party Periodical as well as annual to give 360 degree view of all the returns filled or unfilled in a single report.

SCIGST Provides Download of all ARN (ARN history) with a single click function, so you can list out any pending returns left .

Watch Our Videos

• SCIGST Download all Period GSTR 2A and Compare with GSTR 2
• How to Import GSTR 1 in SCIGST and Validate GSTIN  and Upload to GST Portal