GSTR-6A Reconciliation
Overview: GSTR-6A/ISD is an auto-generated form that compiles information from the suppliers of an Input Service Distributor (ISD) as per their GSTR-1 filings. It is presented in a read-only format, meaning alterations can only be made during the GSTR-6 filing process.
Benefits : Cygnet facilitates GSTR-6A/ISD reconciliation which can help reconcile the invoices and file GSTR-6/ISD return.
How to do GSTR-6A/ISD reconciliation : To access to the reconciliation, user need to navigate to Menu > GST > ISD Returns > GSTR-6A Reconciliation.
User can click on Reconciliation Actions and perform below actions :
1) Upload Purchase Register: All the purchase related entries have to be first uploaded via Purchase Register.
2) Download GSTR-6A From GST System: This option fetches all the vendor details from the GST portal in cygnet.
3) Reconcile Now: Whenever user download or upload any data in the Purchase Register
they need to click on reconcile now so that it gets reflected in the GSTR-6A
Reconciliation section.
4) Send Email To All Vendor: User can
select the desired details from the checkbox and click on Send Email To All
Vendor.
5) Link
Document : In order to link any documents manually user need to
Select the filters as (Type -Yearly, Yearly Extension, Yearly Till Date,
Document Yearly Till Date), Year, Location, Document, (Reconciliation - PR Only,
GSTR-6A Only, PR Excluded, GSTR-6A Excluded).
6) Change
Reconciliation Section : If user wish to change section of any document can be
possible from this Action such as from Miss-match to Matched section.
7) Regenerate Now: If any changes are made in the reconciliation settings
then it get reflected as red exclamation mark(!). In order to get the
settings reflected on the GSTR-6A Reconciliation user need to click on
Regenerate Now.
System will reconcile the records based on the reconciliation criteria. Below are the different reconciliation buckets available.
A. Matched : In this section all the GSTR-6A records and uploaded data is matching exactly and will be available in Matched action. It can be filtered from Reconciliations > Matched.
B. Matched by Tolerance: Documents will be considered as match by tolerance if difference in Document Value, Taxable Value and Tax Amounts are within the specified range provided in settings.
C. Mismatched: In this section, It identifies the mismatches between Purchase and GSTR-6A after reconciliation. User will able to find the reason of mismatch in reason field.
D. Near Matched: Documents with all the details matching with counterparty. However, the document number is having difference will be available in Near Matched section.
E. PR Only: When the purchaser has uploaded all the purchase document, but the supplier/vendor has not filed the sales data then such records fall into PR Only category.
F. GST Only: When the Supplier has filled the sales data, but the purchaser has not booked the invoice in their purchase register will be available in GST only category.
G. PR Discarded: If the buyer has amended the document, then original document with amended one will be matched with amended document.
H. GST Discarded: If the supplier has amended the document, then original document with amended one will be matched with Amended document.
User can take action against single invoices or bulk invoices after performing reconciliation. To take bulk action , user need to navigate to More Actions > Bulk Actions.
User can select the actions against reconciliation section and click on Apply Bulk Action.
To download the reconciliation user can click on Actions > Download Excel.
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