Matching Between GSTR-2B and Purchase to make GSTR-2B more accurate.
Steps1: Login to Enterprise with valid credentials then click Sign In.
Step 2: After Sign-In - 'Dashboard' will appear - click – 'GST Reconciliation' tab on left
Step 3: Click on GSTR-2B Vs PR Register ‘View Reconcile’ tab
Step 4: Click on Configure New Reco
Step 5 (A): Return Period- User can select the custom return period for Purchase and 2B as shown below
Step 6: Select Businesses - User can 'Select GSTIN's from the drop down, for which they want to execute the reconciliation on a regular basis.
Step 7: Frequency - User can select the frequency for Auto- reconciliation by clicking the drop down.
Step 8: Start Date- User can select the Start Date for Reconciliation.
Step 9:Start Time- User can select time to Start reconciliation.
Step 10: Segregated by GSTIN- In case user have multiple registrations and wants to submit a job separately for all their GSTIN, user can select this checkbox.
Note: Preferably, we ask users to not to select the checkbox to get results for all their business units under a single Job
Step 12: FTP Settings- in case user is using FTP Mechanism, user need to select below FTP options.
Import data from FTP 2) Save Reports from FTP 3) Select FTP settings (Drop down to select different FTP settings)
Step 13: Auto Accept Rules - Select to Auto Accept any B2B/CDN mismatched invoices. User can select different options under B2B/CDN to Accept Invoices with these mismatched details.
Step 14: Buffer Tax value- It is a tax tolerance value or tax threshold value a user can input according to their business operations.
Step 15: Buffer Taxable Value - It is a taxable tolerance value or taxable threshold value a user can input according to their business operations.
Step 17: After clicking - 'Submit' button , user will be redirected to Job list page - mentioning the Serial Number of Jobs and their GSTIN along with other details
On Listing screen, We can see different options in report section as described below
1 SUMMARY VIEW- In this , User can view and download summary details of GSTR2B and Purchase section.
2 LEDGER VIEW- In this, user can use send mail option for the mismatched entries to the respective suppliers. Here user can take reco actions on the mismatched entries as well.
3 DOCUMENT VIEW- User can view participation of invoices ,there matched,mismatched entries after reco execution in different buckets accordingly.
4 EXECUTE- To execute reco ,user need to use this button present in action section.
5 DELETE- User can use delete button present to clear and delete reco data . Since it is very critical option so, it has OTP based authentication which can only be used by admin.
6 EDIT – User can edit job through edit option
7 VIEW- User can view configured job through view option
Reconciliation 'Bucket/ Tabs and their meaning
While carrying out reconciliation you may find invoices in below buckets namely:
Matched - When your vendor and you, both have entered the invoice and the entries are getting matched between both the documents taking along Supplier GSTIN & Invoice Number as the base fields, in other words, the system will first check for Supplier GSTIN & Invoice Number, if these two are matching, then only system will proceed further to check whether other fields are also matching or not.
Mismatch - When your vendor and you, both have entered the invoice, but there are certain mismatches in the content/ values/ data of the same invoice, then the system will throw those invoices in these buckets. Although, there are sub-buckets as well which a user can view in this Section.
Invoice Date mismatch - If the Invoice Number is the same for Financial Year and date are different for the same Invoice.
Note Date mismatch - When the Note Number is the same for Financial Year and date are different for the same Invoice then this error may occur
Place of Supply Mismatch - It determines the if the nature of the transaction is wrong then the user may face this error.
Invoice Value mismatch - If there is a mismatch in Invoice Value of Vendor’s and your Invoice, the system will throw the Invoice in this bucket.
Taxable Value mismatch - If there is a mismatch in Taxable Value of Vendor’s and your Invoice, the system will throw the Invoice in this bucket.
CGST mismatch - If there is a mismatch in the Intra-State Tax of Vendor’s and our Invoice.
SGST Mismatch - If there is a mismatch in the Intra-State Tax of Vendor’s and our Invoice.
IGST Mismatch - If there is a mismatch in the Inter-State Tax of Vendor’s and our Invoice.
Cess mismatch - If there is a case where there is a discrepancy between Cess Value present in the Vendor Invoice and in Our Invoice.
Not Present in GSTR – 2B - As per the naming convention, this bracket contains all those invoices which is present in your purchase register but missing in counter party filed GSTR – 1 i.e. your GSTR 2B
Invoice Number Mismatch - It is a very special column or bracket which contains all those invoices where my rest of the details are matching i.e. Supplier GSTIN, Taxable Value, Tax Value etc: but Invoice Number is not matching.
Accepted Records - We have provided an option to the user where they can accept the records from different buckets for their known match / mismatch bucket, this will help them to reconcile the rest of the data.
Non-Reconcile - This bucket consist of multiple type of invoices which includes amendment Invoices uploaded by the supplier due to which B2B and B2BA both are coming in the same Financial Year,therefore, we have implemented a logic where B2BA will be reconciled with invoice present in Purchase Register & B2B will be sent to Non - Reconcile bucket. Also, this bucket contains those invoices where "Return Submit Status" is coming for an invoice as "Y" & "N".
Probable Matched: User can find the Invoices that are Probable matches. Either one or few of the details matching and rest details are not matching. It gives the flexibility to the user to take Action on such invoices
Linked Invoice - It is noticed that sometimes there are few invoices appearing in “Not Present in GSTR 2B” & “Not Present in PR” bucket due to multiple mismatch reasons. Now to reduce the mismatches in both the buckets we have provided a functionality to the user where they can force match those invoices according to their convenience and can also preview the required details on the screen before force matching of invoices.
Now, in case a user wants to De-Link the invoices which he/she might had linked earlier, the option for the same is also available, after executing of De-Link functionality, invoices will be transferred to their origin bucket
DOCUMENT VIEW FEATURES
● User can view and download Purchase data , GSTR2B Data from respective buckets present in document view
● There is summary tab provided in each buckets So that user can also view on document view as well
● User can select invoice type from the option provided to view data accordingly
● Option of filters in each columns field provided such as INVOICE NUMBER,SUPPLIER GSTINs
● User can view match status of each invoices in purchase and GSTR2B buckets also which makes user easy to go to the respective bucket firmly
'Accept' button: Select the Mismatch number Invoice - click - Accept - Invoices will go into - 'Accepted Records' bucket.
'Reject' button: A user can reject an invoice and can further send an auto generated e-mail to his/her supplier regarding the mismatch in invoices.
'Delink' button: If User click on Delink button, Invoice will move to - 'Not present in Purchase'/ 'Not present in 2A' bucket
Step 22: 'Download' Button: User can click global 'Download' button on the top right corner to get Reconciliation Reports 'Consolidated Reports' or 'Vendor Wise Summary Report'.
Step 23: Users can download a combined reco report for all invoice types in a single sheet. If such a report needs to be downloaded, then User needs to click on consolidated report and click next. Later, select the Business GSTIN, 2B and purchase return period and invoice type. Click on the combine check box and then click on the download button.
Consolidate Reports: This is a consolidate report where a user can get Invoice Level Wise (Both 2B &PR) bucket segregation of Invoices. This includes all the invoices user have accepted or have forced Match.
Vendor Wise Summary Report: It is a report containing all unique vendors and their status according to 2B, PR & Reconciliation.
In other words , a summary will be generated by the system which will provide values against each GSTIN present in 2B, PR, Match, Mismatch, Not Present in PR, Not Present in 2B, Invoice Number Mismatch, & Not Reconcile.
LEDGER VIEW FEATURES-
● User can send mail to respective suppliers as a notifications for the mismatched entries status
● User can send mails to multi suppliers at once or one by one
● User can see mail status in view mail logs and can download it.
● User can take actions such as accept/reject/force-match and delink for the respective mismatched entries if required.
SUMMARY VIEW FEATURES-
● User can view summary of GSTR2B and PURCHASE and can download in excel format
Bulk Operation Features
User can use Bulk operations feature in the following cases:-
1 BULK ACCEPT- If user wants to accept number of invoices.
2 BULK DE-LINK- If user want to de-link number of invoices
3 BULK REMARK- If user want to update remarks on number of invoices
4 BULK FORCE MATCH- If user wants to force match number of invoices.
Sample Files for all the operations are present in EXPORT section where user can download and prepare data accordingly
There is option of UPLOAD FILE where user need to upload prepared bulk data in required format.