GST reconciliation is the process of matching your business purchase data with the invoices raised by suppliers and to match your sales with your customers’ purchases. It sounds simple right? But it is very tedious and time-consuming if it is done manually or in Excel. This GST reconciliation can be fully automated using the options in the reconciliation module of EaseMyGST.
Reconciliation between GSTR- 3B and the GSTR 2A or GSTR-2B to match Input Tax Credit (ITC)
Reconciliation between GSTR-3B and GSTR-1 to know discrepancies in sales details
Identifying discrepancies between the provisional ITC and the actual ITC claimable under GSTR-2B
Reconciliation of the GSTR 9- Govt auto-populated data with your closing book balance GSTR 9
Read on to find out how the reconciliation module helps you avoid GST scrutiny, ITC losses and suspension of GST registration all while saving you time and effort.