Taxpayers claim ITC and apart from that, liability is also declared and this is a comparison of GST liability and ITC. Taxpayers can take a look at Comparison of ITC and Tax Liability in the Returns tab which provides the option to get knowledge of the monthly tax obligations mentioned on Form GSTR 3B and GSTR 1.
Furthermore, the claimed ITC can be compared to the form GSTR-2A/GSTR-2B in the form GSTR 3B and ITC receivable. Speaking of GSTR 3B and GSTR 2A, the GSTR 3B form is a summary of the output and input tax credit (ITC) by which the net tax liability is calculated and therefore paid. However, it is important that you go through the GSTR 2A form before submitting the GSTR 3B because it shows the invoice that was uploaded from the supplier. This ensures that the ITC billed is not within the GSTR 2A’s 10% cap.
Easy operation to compare GSTR 3B and GSTR 2A
Step 1: Log into the GST portal with your account credentials and click on Returns Dashboard or visit Services > Returns > Returns Dashboard.
Step 2: Choose the respective fiscal year and return registration term from the dropdown menu and for a GSTR 2A vs GSTR-3B comparison one can click on the view button under the Declared Liability Comparison and Claim ITC.
Step 3: The comparison and tax liability page is then displayed. One can also select the fiscal year and select the year for the comparison report and then click on the search button.
The fourth step: Further, the statement of liability and credit page will be displayed. Data comparison will be performed within the returns tax liability declared in GSTR 3B & 1 while ITC student at GSTR 3B And available ITC according to GSTR 2A.
Fifth step: Choose reports to analyze the data being compared. After clicking on the selected tabs to get the reports.
Responsibility for overseas shipping
Comparison of tax compliance schedules within GSTR 3B and 1 for outbound supplies. Remember, the data does not include zero-rate supplies and supplies internally responsible for reverse charges.
Responsibility on the inside
Compare tax liability tables within GSTR 3B and 1 for supplies made internally that are also subject to reverse charges according to the comparison tables.
Export and supply economics responsibility
The table will compare GSTR 3B and Liability 1 on outgoing zero-rated supplies, i.e. exports and SEZ supplies.
ITC Credit Receivable and Claimed for Goods and Services Tax
The given table will help to compare the ITC model taken GSTR 3B with the tax data provided by suppliers according to GSTR 1. The table also provides a comparison of data provided by ISD and GSTR 6 distributors.
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