GST Reconciliation Services

GST Reconciliation is the process of matching and verifying your GST returns (GSTR-1, GSTR-3B) with your accounting records to ensure accuracy in input tax credit (ITC) claims, tax payments, and compliance.

This is essential to avoid penalties, mismatches, and notices from GST authorities.

Who Needs GST Reconciliation?

Businesses registered under GST.

Companies filing GSTR-1, GSTR-3B, and annual returns.

Businesses claiming input tax credit (ITC).

Enterprises with high-volume transactions.

Key Benefits of GST Reconciliation

Accuracy

Ensures reported sales and purchases match accounting records.

ITC Optimization

Claim maximum eligible input tax credit without errors.

Compliance

Reduces risk of GST notices, audits, or penalties.

Financial Transparency

Clear view of tax liabilities and cash flow.

Audit Ready

Maintains organized records for scrutiny.

Documents / Information Required

GSTR-1 (Sales data)
GSTR-3B (Monthly summary of sales, purchases, and tax paid)
Purchase invoices and bills
Accounting records and ledger entries
Debit/Credit notes

Steps in GST Reconciliation

Collect Accounting & GST Data

Extract sales, purchase, and tax details from ERP/accounting software.

Match GST Returns with Books

Compare GSTR-1 (sales) with accounting sales and GSTR-3B (summary) with ITC.

Identify Mismatches

Look for missing invoices, wrong GSTIN, incorrect tax rates, or unclaimed ITC.

Rectify Errors

Adjust entries, file amendments, or communicate with suppliers/customers.

Generate Reconciliation Report

Summarize differences and compliance status.

Maintain Records

Store reports for audit, tax filing, and statutory compliance.

Why Outsource GST Reconciliation?

Saves Time

Saves time and effort for finance teams.

Reduces Risk

Reduces risk of penalties and errors.

Smooth ITC Claims

Ensures smooth input tax credit claims.

Professional Guidance

Expert guidance for large-volume or multi-state businesses.

GST Reconciliation Services