GST reconciliation is a process of matching sales and purchase data on different GST returns and sales and purchase registers, Under GST, reconciliation helps the taxpayers know if the taxes are short/excess paid or not paid at all. Here are the different types of GST reconciliation that : 

GST RECONCILIATION

• Reconciliation between GSTR- 3B and the GSTR-2B to match Input Tax Credit (ITC) 
• Reconciliation between GSTR-3B and GSTR-1 to know discrepancies in sales details 
• Reconciliation between the provisional ITC and the actual ITC claimable under GSTR-2B.

 IMPORTANT GST RECONCILIATION

1. To claim accurate Input Tax Credit for any invoice raised in any previous financial year 
2. To keep a tab on the duplicity of data 
3. To validate data by reconciling different GST returns 
4. To issue CDNs or file amendments in case if there is any mismatch due to human error or duplicity of data