Just keeping up with your tax filing is not enough to ensure accurate GST compliance. The businesses should make sure that there is consistency in the figures regarding sales, purchases, input tax credit, tax payments, etc. to be reflected in their accounting books and GST returns. A well-managed reconciliation process could be used to detect…
Tag: GST return reconciliation
GSTR-1 and GSTR-3B Reconciliation: Why It Matters
Good GST compliance is about much more than timely filing. The businesses should also ensure that the details provided in GSTR-1 are in sync with the details provided in GSTR-3B. If there is a discrepancy in these returns, it may result in notices from the tax authorities, wrong tax filing and compliance issues. This is…


