GST Reconciliation Software
For Businesses and Corporates

Identify, connect and resolve your ITC Reconciliation mismatches

with this powerful but simple GST Reconciliation software

Why Reconciliation

  • Claim correct amount of Input Tax Credit
  • Avoid Notices and Audit issues
  • Make corrections to your book of accounts
  • Contact your vendors through the software
  • Manage the entire reconciliation process
  • Integrate with your ERP and Automate your data input

Reconciliation Process

  • GSTR 2A Download and Client’s Purchase Register
  • Sophisticated Reconciliation System (SmartRec)
  • Run Advanced Filters for resolving near matches
  • Bucketize Differences in to multiple categories
  • Connect with Vendors and internal teams for mismatch resolution

    • Request Vendor for Correction
    • Correcting in own Accounting System
    • Carry Forward to Next Month

Features List:

  • Creation of multiple companies and GSTINs under one login
  • Creation of multiple users
  • Automatic grouping of mismatches and taking appropriate action for resolution
  • Assignment of mismatches among team members for faster and effective reconciliation
  • Advanced intelligent group actions for bulk resolution
  • Detailed user-wise and invoice-wise audit log
  • Send individual and bulk mails to vendors from the application
  • Log of call and email communication with the vendors

Frequently Asked Questions

It is the resolution of mismatches that arise due to the variance in the records between the GSTR 2A and the purchase register for a particular period.

a. The taxpayer shall be able to claim the ITC based on what is reflecting in the GSTR 2A. Practically, many a times, the GSTR 2A does not reflect the taxes paid by the taxpayer to the supplier. Hence, it becomes imperative for the taxpayer to identify those invoices and that are not reflected in GSTR 2A, so that he can contact the supplier to rectify accordingly.
b. If there are any variances in the values, the same can be identified and the necessary actions can be taken.
c. Taxpayers may receive notices from the Department when there is a difference between GSTR 2A and the GSTR 3B filed by the taxpayer. GST reconciliation helps the taxpayer to respond to the notices.
d. The process helps the taxpayer to claim the right amount of ITC.

a. Collating the purchase register data for a particular period
b. Downloading of GSTR 2A from the portal.
c. Comparing the above two set of data and generating a mismatch report.
d. Upon identifying the mismatches, appropriate action can be taken.
e. Wherever, the suppliers must be communicated, the same needs to be done for further rectifications from his end.
f. Any changes to be done in the taxpayers’ book of accounts, the same can be done accordingly.

Prima facie, the Government had not mandated the reconciliation to be done by the taxpayers. However, the Government itself is reconciling the data reflecting on the GSTR 2A and the GSTR 3B filed by the taxpayer and issuing notices where there are huge difference in the ITC. Also, in the latest forms of the Annual return released by the Government, a reconciliation statement in Form GSTR 9C needs to be filed. Accordingly, it can be seen that the Government is insisting on GST reconciliation.

a. Our GST Reconciliation Tool helps you to generate a mismatch report by comparing your purchase register data and The GSTR 2A data.
b. It helps you to take appropriate actions and resolve the mismatches.
c. It helps you to generate reports that can be further analyzed for making rectifications in the GST returns.
d. It is generally seen that the recording of the invoice numbers by the supplier and the taxpayer is different which makes the matching of invoices a tough task. Our “Near Match” facility helps you to match similar invoices.
e. The application helps you to directly communicate with the vendor with regard to the mismatches, and record the communication and the actions thereon to accept or reject the vendor’s differences or keep the differences on hold for interim, or carry forward to next month.