Simply import your GSTR-2B/2A statement and let TallyPrime do the rest. TallyPrime will automatically reconcile and give you a quick and comprehensive summary of reconciled transactions and the mismatches. The best part is that all the unreconciled transactions are flagged in different categories, thus allowing you to identify the reason for the mismatch and take best suitable action to resolve them.
Experience greater ease in the reconciliation process, along with the ability to reconcile data for different return periods. Let’s look at how TallyPrime makes GST reconciliation easier.
GSTR-1 Reconciliation can get overwhelming with the huge volume of sales transactions of business on a day-to-day basis. However, with TallyPrime’s hassle-free GSTR-1 Reconciliation capabilities, businesses can now stay compliant without stress. Here’s how your reconciliation journey can get simpler with TallyPrime: These methods involve the hassle of manual data transfer, which can be error-prone and time-consuming
GST reconciliation in TallyPrime is so simple that by just uploading the GSTR2B/2A statements, the books’ data will be automatically reconciled with the statement and will produce a quick & comprehensive summary of the reconciled transactions and the mismatches. It’s so instant that with a few clicks, you will be on top of the reconciled invoices and also the ones that are not matching.
All the unreconciled transactions are flagged in different categories, which helps in identifying the reason for mismatches and allows the user to take suitable actions to resolve them.
WGet to know the invoices that---are not uploaded by your suppliers, are not accounted in books, have a mismatch in return period, and all such instances of unreconciled invoices, helping with the input tax credit.
Sometimes, there might be a mismatch in the date of the transaction, due to which it might appear in different return periods for you and your party. For such transactions, you can simply update the ‘GST Return Effective Date’ in your books so that it reflects in the respective return period.
The reconciliation statistics section gives you a bird's eye view of the number of reconciled, unreconciled, and uncertain transactions. You can drill down from each of these sub-sections to take a closer look at the transaction details.
Even when you take all precautions while recording your GST details, sometimes your transactions may not be reconciled due to minor differences in details such as Section, GSTIN, or Doc No. TallyPrime’s reconciliation solution is intelligent enough to identify such positional mismatches and are grouped separately, allowing you to take necessary action to reconcile transactions.
If you have multiple GST registrations/GSTINs, the GSTR-2A/2B reconciliation report provides an amazing view of your combined GST details and activities across registrations. You have the flexibility to view GSTR-2A/2B reconciliation for individual registration from any of your companies/branches. You can view and resolve your uncertain transactions for all GSTINs combined or for one GSTIN at a time, based on your business needs.
The GSTR-2B and GSTR-2A reconciliation report is so simple that you will get a complete view of the reconciliation activities by spending a few minutes. All pending activities or ones that need action are highlighted in amber color, while the portal values are presented in blue for easy identification. Also, the report structure is designed to mimic the portal view, so it becomes easy to relate and read.
Narasimhan D R Aug-02-2023
Narasimhan D R Aug-02-2023
Narasimhan D R Aug-02-2023
Narasimhan D R Aug-02-2023
