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Home GST GST Sales Reconciliation Form 26AS vs Form GSTR-3B vs Tally

GST Sales Reconciliation Form 26AS vs Form GSTR-3B vs Tally

As Income Tax Return (ITR) filing due date is coming, GST taxpayer should perform one more task before filing the Income Tax Return (ITR) for the relevant Assessment Year i.e., Reconciliation of GST Sales.

From Assessment Year 2020-21, Form 26AS also contains the Taxable Turnover and Total Turnover against GSTIN. The GSTIN data displayed above includes internal stock transfer as well.

Form 26AS GST taxable turnover gst total turnover

Part H of Form 26AS contain the details of Turnover as per GSTR-3B.

GST sales

Taxable Turnover here contains the data of GSTR-3B:

3.1(a)Outward taxable supplies (other than zero rated, nil rated and exempted)
3.1(b)Outward taxable supplies (zero-rated)
3.1(d)Inward supplies (liable to reverse charge)

Whereas, the Total Turnover contains the following data:

3.1(a)Outward taxable supplies (other than zero-rated, nil rated, and exempted)
3.1(b)Outward taxable supplies (zero rated)
3.1 (c)Other outward supplies (Nil rated, Exempted)
3.1(d)Inward supplies (liable to reverse charge)
3.1 (e)Non-GST outward supplies

Taxpayer should reconcile their sales figure for the respective financial year on three parameters:

  • Sales as per Form 26AS vs Form GSTR-3B

{Taxpayer first should reconcile their data of Form 26AS with Sales filed in their respective tax period GST return Form -3B}

  • Sales as per Form 26AS vs Tally (other accounting software)

{Taxpayer should reconcile their sales figures as mentioned in Form 26AS with their accounting software like Tally ERP9, in order to find out if there is any deviation}

  • Sales as per Tally vs Form GSTR-3B

{In many cases we have observed that till the date of filing the ITR (Income Tax Return), the sales figures as filed in GSTR – 3B doesn’t match with the Tally ERP9 due to some internal accounting error}

Taxpayer in order to correct reporting of sales in their respective ITR (Income Tax Return) Form, should reconcile their sales figures before filing their Income Tax Return.

gst sales reconciliation

Download your Excel here.

CA Devesh Thakur

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