1. Matching of “TAX as per GSTR – 3B and TAX as per GSTR 1 “
Firstly we have to check TAX paid related with outward supply.Tax paid as per GSTR 3B and TAX payable as per GSTR 1 should match correctly.
|HOW TO CHECK?||PURPOSE|
|Go on GST PORTAL.
COMPARISON TABLES between GSTR 3B and GSTR 1 are given under RETURN DASHBOARD.
There are 4 tables. We should mainly focus on 2 left side tables related to OUTWARD SUPPLIES.
Table 1. LOCAL TURNOVER TABLE i.e
Liability (other than zero rated and reverse charge supply) under GSTR 3B VS GSTR 1
Table 2. EXPORT + SEZ TURNOVER TABLE i.e
Liability (Export and supplies to SEZ)
|Firstly, we will have to check whatever tax payable as per GSTR 1 should be matching with actual tax paid by GSTR3B.
All this available on GST portal in comparison table so We will have to check -> TAX as per two different GST returns that is payable as per GSTR 1 and actually paid as per GSTR 3B.
Because GSTR 1 & GSTR 3B are separate Return, there might be chances of Mismatching of data .
2. Matching “ SALES as per books ” vs. “SALES as per GST Return”
Secondly, Checking of Sales as per GST Return vs. Sales as per books. This exercise is really important for Reconciliation purpose
|HOW TO CHECK||PURPOSE|
|For Sales as per Books = Please check Sales ledger for 9 Months. i.e. From 01/07/2017 to 31/03/2018
For Sales as per GST return = We can check above tables generated on GST portal for checking sales data.
|If everything is matched in the in the first step then the next step is to match books of accounts with GST returns.
main purpose of this to solve mismatching problem.