Utilities for 2A Reconciliation
2A Converter –
When documents are downloaded from the GSTN portal (i.e. 2A), it is not compatible with further analysis/scrutiny. This utility helps in making it compatible, comparable with books and convert in single line item with all credit notes prefixed by minus (-) sign. It is very useful for the person not using any software/tool and depends on 2A downloaded from GSTN. This is pertinent to note that the desired reports can be obtained within a minute.
Party wise Reconciliation –
While reconciling ITC as per 2A and ITC (B2B) as per books of accounts with the criteria of invoice number only, there are several problems being faced. Firstly, the mismatch of invoice number due to minor clerical error in entering the invoice number in books, which led to a mismatch of a large number of invoices which is otherwise in the match. Secondly, due to increasing compliances and time limitations, it is practically difficult to do this tedious task. Thus, this utility is developed which matches the ITC as per 2A and ITC (B2B) as per books of accounts with the criteria of GST number. This is an easy method to match the ITC in totality where the conditions of Sec. 16(2) are satisfied. This utility ignores invoice number and gives reports on entire detail up to 10,000 line items, party-wise (supplier wise) and gives various reports like match cases, only at the portal, only in books and a summary report on book vs portal. Moreover, the interface of this utility is made in such a manner that no expert knowledge required to use this utility. Additionally, it is a very useful tool for the GST auditors as well as for the compliance of Rule 36(4) with the help of graphics too. This is pertinent to note that the desired reports can be obtained within a minute.
Invoice wise Reconciliation –
Although the purpose is fulfilled through Party wise utility to be more precise this utility is developed. It works on the criteria of Invoice number + GST number and the respective tax amount. As an additional feature, the user may ignore the desired amount (i.e., rounding up) in the process of matching the ITC. The various types of reports provided by this utility are – 1. The complete report of party-wise/invoice wise/Match or Mismatch, 2. A separate report for GSTN specific, 3. Match Cases, 4. Excess in Books/Portal and the like. The face of the utility has a feature of graphics also which helps to view match and mismatch at a glance. This is pertinent to note that the desired reports can be obtained within a minute.
Utility for compliance of Rule 36(4) –
This utility is prepared in view of notification regarding new rule 36(4) and circular no. 123 to determined maximum ITC (B2B) that can be availed while filing GSTR 3B.
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