Simplify your GST reconciliation process with one-click recon with your purchase register

Reconcile invoices, debit notes, match GSTR data automatically with your purchase register and seamlessly handle errors and exceptions.
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Safe and secure. Compliant with RBI guidelines & IndAS
Trusted by more than 3000 companies
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The Problem Today

Manually tracking and reconciling data from multiple sources increases operational costs, blocks working capital, and delays filings

Manually matching and verifying large volumes of invoices and transactions is not only error-prone but also leads to significant discrepancies, compliance issues, and potential financial losses due to missed Input Tax Credits (ITC).

Compliance is ignored

Invoices are rarely checked for compliance issues - struck off PANs, incorrect GST, MSME,
e-invoice checks and more.

No central database

Invoices and vendor data is distributed, and often inaccessible when required for audits and future reference.

Unreliable OCR systems

Legacy OCR scanning only offers about 65% accuracy, reducing trust in the system and leaving invoices to be checked manually.
The Problem Today

AP teams spend 100s of hours booking invoices

This is not only a waste of time and productivity, but many a times the invoice booking process has compliance loopholes, uses outdated technology and there is no central storage system for audit readiness and future reference.

Compliance is ignored

Invoices are rarely checked for compliance issues - struck off PANs, incorrect GST, MSME,
e-invoice checks and more.

No central database

Invoices and vendor data is distributed, and often inaccessible when required for audits and future reference.

Unreliable OCR systems

Legacy OCR scanning only offers about 65% accuracy, reducing trust in the system and leaving invoices to be checked manually.

Time-Consuming Recon

Reconciling data manually is a lengthy and labor-intensive process, especially when managing multiple GSTINs.

Blocked Working Capital

Manual reconciliation processes can lead to blocked working capital and higher financial risks due to delayed and inaccurate filings.

Manual Reconciliation

Manual reconciliation with limited  fields restricts maximum ITC claims, as it doesn't reconcile all possible matching invoices.

Eliminate Errors, Save Time  and Reduce Workload with Reliable Reconciliation Software

Table 4 & 5

One-Click PAN-Level and Multi-Period Reconciliation

Eliminate the hassle of running reconciliations for each GSTIN and across multiple periods with our one-click PAN-level & multi-period reconciliation. Consolidate data for all GSTINs under a single PAN.
GSTR 2A and 2B Reconciliation

Revolutionize Your ITC Claims with "Matched with Tolerance"

Identify eligible invoices for GSTR 3B claims, & save you valuable time. Claim invoices even with differences, capturing technically claimable ones previously missed.
Auto Carry-Forward Invoices

Automatically carry forward open invoices from previous periods

Streamline reconciliation by automatically carrying forward & tracking unreconciled invoices from previous periods, ensuring you never lose sight of pending records and improving workflow efficiency.
Automated Reconciliation

Achieve 90-95% Accuracy with Automated Reconciliation

Handle large-scale data with increased speed & accuracy in ingestion, filing, reconciliation & reporting. Achieve 90-95% improved reconciliation accuracy, reducing discrepancies and enhancing efficiency.
Ultimate Reconciliation Suite

Comprehensive Reconciliation Set for Unmatched Accuracy

Comprehensive set of reconciliation features, including Purchase register vs 2A/2B, Sales register vs General Ledger, E-invoice, E-Way bill & Purchase register vs Expense GL, ensures efficient reconciliation processes.
Unlock the potential of your finance team & boost productivity 10x. Let us show you how.
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Understanding GST Reconciliation & Importance of Accurate GST Reporting

GST reconciliation involves matching the data between your books of accounts and the GST returns filed, ensuring accuracy in reporting. The process includes ITC reconciliation, GST purchase reconciliation, and the verification of tax liabilities. Whether through an Excel sheet for GST reconciliation or using automation, maintaining accurate records is essential. For instance, an annual GST reconciliation helps avoid discrepancies during GST audit reconciliation, ensuring compliance.

Importance of Accurate GST Reporting

Avoid Penalties:
Proper GST return and rate reconciliation helps prevent costly errors.

Ensure Compliance:
Accurate reconciliation ensures compliance and smooth GST audit reconciliation.

Maximize ITC:
Effective GST ITC reconciliation ensures all eligible credits are claimed.

Simplify Audits:
Consistent GST reconciliation simplifies audits and reduces issues.

Key Components of GST Reconciliation

Overview of GST Returns (GSTR-1, GSTR-3B, etc.): GST reconciliation starts with understanding various GST returns like GSTR-1 and GSTR-3B. GSTR-1 details outbound supplies, while GSTR-3B summarizes your monthly tax liability and input tax credit. Reconciling these returns with your records ensures consistency and accuracy in reporting.

Understanding Input Tax Credit (ITC) and Its Role:
ITC allows businesses to offset the tax paid on inputs against their output tax liability. Effective GST reconciliation involves ITC reconciliation, ensuring that all eligible credits are captured and accurately reflected in your GST returns. This minimizes tax liability and maximizes financial efficiency.

Matching GSTR-2A with Purchase Data:
GSTR-2A provides a dynamic view of your eligible input tax credits based on supplier returns. Reconciling GSTR-2A with your purchase data helps identify discrepancies between the credits claimed and those reported by suppliers, ensuring that your GST input reconciliation is accurate and compliant.
Benefits of GST Reconciliation
Streamlined Business Processes

GST reconciliation simplifies compliance by identifying discrepancies early and maintaining accurate records. The GST reconciliation process, when done in the GST portal, makes rate reconciliation and GST return reconciliation more efficient, enhancing overall financial management.

Maximized Input Tax Credit (ITC) Claims

Effective ITC reconciliation in GST helps claim all eligible credits, preventing financial losses. Regularly performing GST ITC reconciliation, whether manually or through an Excel sheet for GST reconciliation, ensures you don’t miss out on any ITC.

Accurate Tax Reporting and Compliance

GST reconciliation ensures that your GST returns match actual transactions, reducing the risk of errors and penalties. Regular GST reco, including GST purchase reconciliation and annual GST reconciliation, keeps your records aligned and ready for GST audit reconciliation.

Best Practices for GST Reconciliation

1. Regular Review and Compliance Checkpoints: Consistently review your GST returns and perform annual GST reconciliation to ensure accuracy and compliance. Regular compliance checkpoints help maintain correct GST input reconciliation and avoid issues during GST audit reconciliation.

2. Leveraging Automation for Efficiency: Utilize automated tools and the GST portal for efficient GST reconciliation. Automation reduces errors in ITC reconciliation and streamlines the GST reconciliation process, enhancing overall accuracy.

3. Vendor Communication and Invoice Accuracy: Maintain clear communication with vendors to ensure accurate invoice details and timely GST purchase reconciliation. Accurate vendor data and invoices are crucial for correct ITC reconciliation in GST.

Major and Common Issues and Resolution Strategies

1. Handling ITC Mismatches: Address ITC mismatches by reconciling GST ITC with GSTR-2A and purchase records. Use tools or an Excel sheet for GST reconciliation to identify and correct discrepancies promptly.

2. Dealing with Unclaimed Input Tax Credits: Ensure all eligible credits are claimed by performing regular GST input reconciliation and checking for any missed ITC. Regularly review GST purchase reconciliation to capture unclaimed credits.

3. Resolving GST Liability Discrepancies: Resolve GST liability discrepancies by comparing GST return reconciliation with actual transaction data. Use the GST portal and reconciliation process to correct errors and ensure accurate tax liability reporting.

Step-by-Step Reconciliation Workflow

Gather Data: Compile all relevant documents and data using Excel sheets or the GST portal.

Reconcile GST Returns: Match your GST returns (GSTR-1, GSTR-3B) with your records.

Conduct ITC Reconciliation: Verify that ITC claims align with GSTR-2A data.

Resolve Discrepancies: Address any mismatches or errors found during the reconciliation.

Perform Annual Reconciliation: Complete a yearly review to ensure accuracy and prepare for audits.
Frequently Asked Questions
Why is GST Reconciliation required?
Can I automate the GST reconciliation process?
What are the common challenges in GST reconciliation?
How do I reconcile my GST returns with GSTR-2A?
What documents are needed for GST reconciliation?
How do I reconcile my GST accounts?
What are GSTR-2A and 3B reconciliation?

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