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GSTR-2A and GSTR-3B Minimize Mismatches in Tally ERP9

Let’s look at how GSTR-3B and GSTR-2A mismatch can happen

Let’s check up on however GSTR-3B and GSTR-2A pair will happen

Typically, declared the consolidated worth of your inward provides in your monthly GSTR-3B returns. Your suppliers would have uploaded their sales invoices in GSTR-1, supported that your inward provides get motor vehicle inhabited in GSTR-2A.

Now just in case there are any discrepancies within the values of inward provides obtainable in GSTR-2A and inward provides declared by you for the month in your GSTR-3B, it should cause loss of Input tax credit.

GSTR-2A and GSTR-3B Minimize Mismatches

Now allow us to perceive the probable reasons for such mismatches.

Possible reasons for mismatches

  1. Your supplier has not uploaded the invoices that you’ve got already claimed Input tax credit.
  2. Values within the supplier’s invoices don’t seem to be matching with values offered in your books.
  3. You might have left out recording any Purchases or Debit Notes (Purchase Returns) which resulted in reduced Input tax credit.

How to identify GSTR-3B and GSTR-2A mismatch

  1. Firstly, you need to compare the purchases out there in your books with GSTR-2A (available on GST Portal) of the several returns period.
  2. You can manually match every purchase invoice and determine the differences or identify invoices that aren’t out there on the GST portal or in your books.
  3. If you determine invoices whose values are either not matching or invoices aren’t out there, connect with the several provider and raise him to either transfer the connected invoice in his latest return that is yet to be filed, or amend the invoice details at the time of filing his returns.
  4. Alternately, you’ll check the physical copies of several purchase invoices and correct your purchase knowledge, and consequently make  corrections in your latest GST returns which are yet to be filed by reversing the Input Tax Credit.

How Tally.ERP 9 eases your efforts

  1. Download GSTR-2A of the interrelated period
  2. Go to GSTR-2 Report.opening the Tally ERP9. Load GSTR-2A into Tally.ERP 9. Within seconds, that will show you the details of Tally ERP9 invoices which are either –
    1. Fully Matched
    2. Partially Matched: This may be because of partial match between invoices available in the books with invoices available on the GST portal.
    3. Available only in Books: Invoices are not uploaded by supplier then this can happen
    4. If your supplier has uploaded the same &  you have not recorded the transaction in your books then this can happen.
  3. Available invoices which are mismatched you can take action on them, only in books and available only in portal by checking out your suppliers or correcting/recording respective purchase invoices in your books.

You can compare GSTR-2A of previous periods along with your books for all the GST returns filed for the previous periods to confirm that you simply have claimed the proper Input step-down and determine coupleof GSTR-2A with GSTR-3B. Also, going forward, you’ll follow this activity for the returns of all coming months to reduce chances of mismatches.

Tally. ERP 9 Release 6.2 and higher versions allow you to import and match GSTR-2A. Download the latest release of Tally.ERP 9 and ensure that you get the right Input Tax Credit.

Let’s look at how GSTR-3B and GSTR-2A mismatch can happen:

Typically, you’d have declared the consolidated price of your inward supplies in your monthly GSTR-3B returns. Your suppliers would have uploaded their sales invoices in GSTR-1, supported that your inward provides get auto inhabited in GSTR-2A.

Now just in case there are any discrepancies within the values of inward supplies of the market in GSTR-2A and inward supplies declared by you for the month in your GSTR-3B, it should result in loss of Input tax credit.

Now allow us to perceive the probable reasons for such mismatches.

Possible reasons for mismatches

  1. invoices are not uploaded by your supplier which you have already claimed Input Tax Credit.
  2. The  values available in your books are not matching with the values in the supplier’s invoices.
  3. Maybe you have missed out recording any Purchases or Debit Notes (Purchase Returns) which resulted in reduced Input Tax Credit.

How to identify GSTR-3B and GSTR-2A mismatch

  1. Firstly, you must analyze the purchases available in your books with GSTR-2A (available on GST Portal) of the individual returns period.
  2. You can manually match every purchase invoice and identify the variations or determine invoices that aren’t available on the GST portal or in your books.
  3. If you establish invoices whose values are either not matching or invoices don’t seem to be available, connect with the various supplier and raise him to either transfer the related invoice in his latest return that is yet to be filed, or amend the invoice details at the time of filing his returns.
  4. Alternately, you’ll be able to check the physical copies of various purchase invoices and proper your purchase knowledge, and accordingly create corrections in your latest GST returns that are yet to be filed by reversing the Input tax credit.

Read more about tally visit: Tally training in ChandigarhTally training institute in Chandigarh


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