Auto-population of GSTR-2A and GSTR-2B / GST 2A reconciliation

It’s a typical task for the businesses to download GSTR-2A, 2B from the portal and reconcile the same with actual purchases made.
You not only need to correctly identify which of your suppliers have not filed their GST returns but also need to follow up with them on a monthly basis to ensure they file their returns, and thereby allow you to claim full Input Tax Credit.
It delivers superior intelligence and actionable insights about new & existing suppliers.

  • Input Tax Credit mismatch has been a persistent problem in the B2B GST regime
  • Most suppliers either delay or do not file their GST returns leading to potential losses of upto 30% of the input register for companies
  • Reconciling and tracking non-compliant suppliers and following up is often a manual and tediouss process for the teams
These GST Recon gaps can typically be classified under 6 common errors:
  1. Manual data entry errors: Supplier GSTIN or Invoice numbers get incorrectly captured in the Purchase Register leading to mismatches at a supplier or at invoice level
  2. Different Invoice Numbering conventions: Invoice number formats by the buyer and supplier follow different conventions and do not match. For e.g. the buyer might have a year/ supplier code pre-fix to each invoice but the supplier might only mention the last 5 digits while filing 2A returns leading to mismatches
  3. GSTIN errors: the supplier could have filed the same invoice in a different state or different GSTIN by mistake leading to either GSTIN or tax amount mismatches
  4. Date mismatches: the date of the invoices could be different in the buyer and supplier systems leading to a mismatch.
  5. Return period mismatches: the return period recorded during entry of invoices is different for the buyer and supplier. There could also be debit and credit notes applied at later dates leading to mismatches in values.
  6. Rounding off errors: the rounding off logic is different for buyer and supplier systems
We simplified the entire process which allows you to reconcile at a click!
Our algorithm not only identifies mismatches but also classifies by type of mismatch and probability of matching to help identify the near misses. What’s more, Eazy Invoicing also allows you to compare errors monthly which allows you to improve Purchase register data over time to reduce mismatches.
Eazy Invoicing also simplifies the follow-up process by allowing you to send notifications to non-compliant suppliers at an invoice level.
Identifying non-compliant suppliers requires you to manually compare your Purchase Register with the Supplier Filings visible in 2A to understand gaps.