Documentation for
GSTR2A reconciliation for India’s leading Retail Chain
Reason for the development of the module:
The module has been developed for chartered accountants and
end clients to help resolve the GSTR2A reconciliation issues.
Why is this module required?
·
The data been handled for GSTR2A reconciliation
can be very large. With excel handling of the data could be very cumbersome
·
There are a large number of conditions by which
GSTR2 might not make a match between the client purchase invoices and the
client buyer sales invoices. The reasons for the variations could be with
regards to document number, document date, Recepient GSTIN, buyer GSTIN and
even the transaction amounts. In order to handle the mismatches between these
types of invoices there are a large number of join conditions involved.
·
The developed solution can be a standalone
module for Chartered accountants not involving the complete GST extraction and
services from various data providers
·
Benefits with regards to ERPs:
o
The solution is based on Azure cloud. It uses
the high processing power of Azure cloud for faster data processing
o
The solution offers web and mobile access for
GSTR2A reconciliation
o
The client can also share with the vendors using
whatsapp and email any discrepancy details
o
The development team is bringing with itself
automated extractors from Tally and other ERPs.
o
The development team is bringing with itself
specialized Chartered accountants with
experience is GST 2A reconciliation(https://www.linkedin.com/in/sharad-maheshwari-688b733/)
o
The data should be secure(on Microsoft Azure
cloud) and there should be facility for each company to see its own data(row
level security)
o
The business logic should be auditable.
·
Document number
·
Document date
·
Supplier GSTIN
·
Company GSTIN
·
Taxable Amount
·
Total GST amount
There can be some variations in the Taxable amount and the
total GST amount. That logic has to be incorporated into the final audit
report.
Supplier GSTIN and Company GSTIN have to match. However
there can be discrepancies in Document Number and document date because of
different ERP systems.
The client’s logic entailed that match shall include all 6 criteria.
Alternatively, if 4(supplier GSTIN, Company GSTIN, taxable amount and Total GST
amount) criteria match but there is discrepancy in the remaining 2 criteria (document
number an document date) then it should still be considered matched.
Methodology of the development of the solution:
·
The solution was developed in Powerbi for the
following reasons:
o
Consolidate the data from different data sources
o
Incorporate the client logic
o
Easy and secure viewing through the Azure portal
o
Standardization of the formulae.
o
Reduce the handling times for GSTR2A
reconciliation with large and varied data.
o
No row limitations as far as the processing of
the data is concerned
Attached is the methodology for the same:
1.
Find the exact match for the entries:
1. Find those entries where the client has filed the returns but the returns are not in GST audit-sample code
3. Find those entries where the client’s customer has filed the data but client has not filed the data
3. Find those entries where the client’s customer has filed the data but client has not filed the data
3.) Find those entries where the document number is not matching:
4.) Document date mismatch data
Once the above
analysis has been done then specific matching criteria can also be done by GST
number, document number and document date
Other reports: Based on the analysis after steps 1 ,2 and 3
it is possible to divide the data to find the exact mismatch
Custom variations based on Total tax amount and total amount are also possible. A sample case study is attached herewith:
4. Match the ERP and the GST data . The ERP data shall come from any ERP(including Tally). The GST data shall come from the GST portal as part of the GSTR2 reconciliation).
1. Exclude the entries not in the exact match
5. Extract those entries that have matching Taxable amount, Total amount, recipient GSTIN, Supplier GSTIN but not matching document number and document date
Please contact the following for automating your GST 2A
audit process
Apoorv Chaturvedi(Phone: +91-8802466356, email: support@turbodatatool.com, support@mndatasolutions.com)
Website: https://mn-business-intelligence-india.business.site/
