Comparison of Liability declared and ITC claimed enabled in GST Portal
The Goods and Service Tax Network (GSTN) has enabled a new functionality in the GST Portal “Comparison of Liability declared and Input Tax Credit claimed”
What is Comparison of Liability declared and Input Tax Credit claimed
The statement is called as Credit and Liability Statement.
Comparison of Tax liability as per GSTR-1 Vs Tax liability as per GSTR-3B.
Comparison of ITC claimed in GSTR-3B Vs accrued as per GSTR-2A.
Comparison of ITC credit claimed and due, i.e. ITC claimed in GSTR-3B during the month Vs ITC auto-populated in GSTR-2A during the month.
Comparison of Liability due under Reverse Charge, i.e. Liability declared in GSTR-3B during the Vs Amount auto-populated in GSTR-2A.
Comparison of Liability due to Export and SEZ Supplies, i.e. Liability declared in GSTR-3B during the month Vs Liability declared in GSTR-1 (Zero-rated supplies)
The above comparisons can easily be downloaded in Excel csv format.