GST Tax Liabilities and ITC Comparison Report
Q.1 What is GST Tax Liabilities and ITC Comparison Report?
Ans: The GST Tax liabilities and ITC Comparison report is the comparison of liability declared and ITC claimed by the Taxpayer. The Tax Liabilities and ITC Comparison option under the Returns tab enables you to:
Tax liabilities and ITC comparison report comprises of the following reports:
The Tax liability and ITC Statement (Summary)
Q.2 From where can I view comparison of liability declared in Form GSTR-3B and Form GSTR-1 with ITC claimed in Form GSTR-3B and as accrued in Form GSTR-2A/2B?
Ans: Navigate to Services > Returns > Tax liabilities and ITC comparison > Select Financial Year and click the SEARCH button. The “Credit and Liability Statement” page is displayed that provides summary and tables containing comparative details of liability declared in Form GSTR-3B & Form GSTR-1 and ITC claimed in Form GSTR-3B and as accrued in Form GSTR-2A/GSTR-2B.
Q.3 What type of comparison reports are available on Credit and Liability Statement page?
Ans: Listed below are the comparison reports available on the “Credit and Liability Statement” page:
1. Tax Liability and Input Tax Credit (ITC) Statement (Summary)
2. Tax Liability other than export/ reverse charge
3. Tax Liability due to reverse charge
4. Tax Liability due to export and SEZ supplies
5. Input tax credit claimed and due (Other than import of goods)
6. Input tax credit claimed and due (Import of goods)
Q.4 How can I download my tax liability and ITC statement summary?
Ans: To download your tax Liability and ITC Statement summary, click the DOWNLOAD COMPARISON REPORT (EXCEL) button provided on the right-below corner of the Credit and Liability Statement page. The complete comparison reports will get downloaded in Excel format. Different reports are available in separate sheets.
Click the DOWNLOAD CSV button available under each report to download individual report in a CSV format.
Q.5 How frequently is the “Credit and Liability Statement” report generated?
Ans: The “Credit and Liability Statement” report is generated on near real time basis based on Form GSTR-1 and Form GSTR-3B filed by you and after generation of Form GSTR-2B. The report generation time is also displayed on the top white band of the Credit and Liability Statement page.
Tax Liability other than export/ reverse charge
Q.6 From where can I view the tax liability other than export/ reverse charge report?
Ans: 1. Navigate to Services > Returns > Select Financial Year > click the + icon on the right side of the Tax liability other than export/ reverse charge tab.
2. The tax liability other than export/ reverse charge details are displayed in a table.
3. Click the DOWNLOAD (CSV) button to download the table in a CSV format.
Q.7 What is the purpose of tax liability other than export/ reverse charge report?
Ans: The Tax liability other than export/ reverse charge report displays the following details:
This comparative table will help the taxpayer to have the overview of liabilities (other than export and reverse charge) declared in Form GSTR-3B and Form GSTR-1 and to check whether liability is correctly declared. Corrective actions on liability declared on these forms/ return can be taken by the taxpayer in case of any discrepancy. This may also be used as a reference to declare liability in Form GSTR-3B, once Form GSTR-1 is filed for such tax period.
Q.8 Which tables of Form GSTR-1 and Form GSTR-3B are included for comparison in tax liability other than export/ reverse charge report?
Ans: Following tables are included for comparison in tax liability other than export/ reverse charge report:
Q.9 Data from which tables of Form GSTR-1 are excluded from comparison of tax liability, other than export/ reverse charge report ?
Ans: Tables 4B, 6A, 6B, 9A, 9B and 9C, where the documents are for reverse charge, SEZ supplies and exports of Form GSTR-1 are excluded from comparison of tax liability, other than export/ reverse charge report.
Q.10 Why are certain values in the tax liability other than export / reverse charge highlighted in red?
Ans: Those values for which the tax liability reported in Form GSTR-1 is more than the tax liability reported in Form GSTR-3B in a specific tax period, under the different tax heads, would be highlighted in red.
Tax Liability due to reverse charge
Q.11 From where can I view the tax liability due to reverse charge supplies report?
Ans: 1. Navigate to Services > Returns > Tax liabilities and ITC comparison > Select Financial Year and then click the SEARCH button.
2. On the Credit and Liability Statement page, click the + icon against the Tax liability due to reverse charge tab.
3. The Tax liability due to reverse charge report is displayed in a table.
Q.12 What is the purpose of tax liability due to reverse charge report?
Ans: The Tax liability due to reverse charge report displays the following details:
This report may be used as a reference to declare or compare liability due to reverse charge on inward supplies in Form GSTR-3B, with auto-drafted details as appearing in Form GSTR-2A/ GSTR-2B, reported by corresponding suppliers in their Form GSTR-1.
Q.13 How can I download my tax liability due to reverse charge report?
Ans: To download the Tax liability due to reverse charge report, click the DOWNLOAD (CSV) button provided on the right side of the Tax liability due to reverse charge tab. The report will get downloaded in a CSV format.
Q.14 How frequently is the tax liability due to reverse charge report generated?
Ans: The Tax liability due to reverse charge report is generated on near real time basis, for a particular tax period, on basis of Form GSTR-3B return filed by you and Form GSTR-2B generated. The report generation time is also displayed on the top white band of the Credit and Liability Statement page.
Q.15 Data from which tables of Form GSTR-3B and Form GSTR-2A/GSTR-2B are included for comparison in the tax liability due to reverse charge report?
Ans: The Tax liability due to reverse charge report includes data from following tables of Form GSTR-3B and Form GSTR-2A/ GSTR-2B.
Tax Liability due to Export and SEZ supplies
Q.16 From where can I view the tax Liability due to export and SEZ supplies report?
Ans: 1. Navigate to Services > Returns > Tax liabilities and ITC comparison > Select Financial Year and then click the SEARCH button.
2. On the Credit and Liability Statement page tile, click the + icon against the Tax Liability due to export and SEZ supplies tab.
3. The Tax liability due to export and SEZ supplies report is displayed in a table.
Q.17 What is the purpose of tax Liability due to export and SEZ supplies report?
Ans: The Tax Liability due to export and SEZ supplies report displays the following:
The table will help the taxpayer to have an overview of liabilities pertaining to zero rated supplies (Exports and SEZ supplies) declared in Form GSTR-3B and Form GSTR-1 and to see that liability is correctly declared. Corrective actions on liability declared on these forms/ return can be taken by the taxpayer in case of any discrepancy. This may also be used as a reference to declare liability in Form GSTR-3B, once Form GSTR-1 is filed for that tax period.
Q.18 How can I download my tax Liability due to export and SEZ supplies report?
Ans: To download Tax Liability due to export and SEZ supplies report, click the DOWNLOAD (CSV) button provided on the right side of the Tax Liability due to export and SEZ supplies tab. The report will get downloaded in a CSV format.
Q.19 How frequently is the tax Liability due to export and SEZ supplies report generated?
Ans: The Tax Liability due to export and SEZ supplies is generated on near real time basis for a particular tax period, on basis of Form GSTR-1 and Form GSTR-3B return filed by you. The report generation time is also displayed on the top white band of the Credit and Liability page.
20. Data from which tables of Form GSTR-1 and Form GSTR-3B are included for comparison in tax Liability due to export and SEZ supplies?
Ans: The Tax liability due to export and SEZ supplies report includes data from:
Q.21 Why are few values in the tax liability due to export and SEZ supplies highlighted in red?
Ans: For the tax periods for which the tax liability reported in GSTR-1 is more than the tax liability reported in GSTR-3B, then those specific values under the different tax heads are highlighted in red.
Input tax credit claimed and due (Other than import of goods)
Q.22 From where can I view the Input Tax Credit claimed and due (Other than import of goods) report?
Ans: 1. Navigate to Services > Returns > Tax liabilities and ITC comparison > Select Financial Year and then click the SEARCH button.
2. On the Credit and Liability Statement page tile, click the + icon against the Input Tax Credit claimed and due (Other than import of goods) tab.
3. The Input Tax Credit claimed and due (Other than import of goods) report is displayed in a table.
Q.23 What is the purpose of Input Tax Credit claimed and due (Other than import of goods) report?
Ans: The Input Tax Credit claimed and due (Other than import of goods) report displays the following:
This may be used as a reference to declare or compare ITC as claimed in Form GSTR-3B with auto-drafted details as appearing in Form GSTR-2A/GSTR-2B, reported by corresponding registered supplier in their Form GSTR-1 or by ISD in their Form GSTR-6. Corrective actions on credit claimed on these forms/ return can be taken by the taxpayer in case of any discrepancy.
Q.24 How can I download my Input Tax Credit claimed and due (Other than import of goods) report?
Ans: To download the Input Tax Credit claimed and due (Other than import of goods) report, click the DOWNLOAD (CSV) button provided on the right side of the Input Tax Credit claimed and due (Other than import of goods) tab. The report will get downloaded in a CSV format.
Q.25 How frequently is the Input Tax Credit claimed and due (Other than import of goods) report generated?
Ans: The Input Tax Credit claimed and due (Other than import of goods) is generated on near real time basis for a particular tax period, on basis of Form GSTR-3B filed by you and filing of Form GSTR-1 by your suppliers and generation of Form GSTR-2B. The report generation time is also displayed on the top white band of the Input Tax Credit claimed and due (Other than import of goods) page.
Q.26 Data from which tables of Form GSTR-2A/GSTR-2B and Form GSTR-3B are included for comparison in the Input Tax Credit claimed and due (Other than import of goods) report?
Ans: The Input tax credit claimed and due (Other than import of goods) report includes data from:
Note: The details of reverse charge are not included from GSTR-2A/GSTR-2B
Q.27 Why are few values in the Input Tax credit claimed and due (Other than import of goods) highlighted in red?
Ans: For the tax periods for which the Input tax credit claimed in GSTR-3B is more than the Input tax credit due as per GSTR-2A/GSTR-2B, then those specific values under the different tax heads are highlighted in red.
Input tax credit claimed and due (Import of goods)
Q.28 From where I can view the input tax credit claimed and due (Import of goods) report?
Ans: 1. Navigate to Services > Returns > Tax liabilities and ITC comparison > Select Financial Year and then click the SEARCH button.
2. On the Credit and Liability Statement page tile, click the + icon against the Input tax credit claimed and due (Import of goods) tab.
3. The Input Tax Credit claimed and due (Import of goods) report is displayed in a table.
Q.29 What is the purpose of Input Tax Credit claimed and due (Import of goods) report?
Ans: The Input Tax Credit claimed and due (Import of goods) report contains the details of ITC claimed in GSTR-3B and accrued as per GSTR-2B under different tax heads i.e. Integrated tax (IGST), Central tax (CGST), State/Union Territory tax (SGST/UTGST) and Cess (Cess).
The following tables are considered for the ITC claimed on import of goods:
Q.30 How can I download my Input Tax Credit claimed and due (Import of goods) report?
Ans: To download the Input Tax Credit claimed and due (Import of goods) report, click the DOWNLOAD (CSV) button provided on the right side of the Input Tax Credit claimed and due (Import of goods) tab. The report will get downloaded in a CSV format.
Q.31 How frequently is the Input Tax Credit claimed and due (Import of goods) report generated?
Ans: The Input Tax Credit claimed and due (Import of goods) is generated on near real time basis for a particular tax period, on basis of Form GSTR-2B and filing of Form GSTR-3B. The report generation time is also displayed on the top white band of the Input Tax Credit claimed and due (Import of goods) page.
Q.32 Why are few values in the Input Tax credit claimed and due (Import of goods) highlighted in red?
Ans: For the tax periods for which the input tax credit claimed in GSTR-3B is more than the input tax credit due as per GSTR-2B, then those specific values under the different tax heads are highlighted in red.
Q.33 From which tax periods, the details from GSTR-2A and from which tax periods details from GSTR-2B are considered?
Ans:
Note: The details of GSTR-2A will become static and will not change as GSTR-2B is implemented from July 2020.
How can I compare liability declared in Form GSTR-3B and Form GSTR-1 with ITC claimed in Form GSTR-3B and as accrued in Form GSTR-2A?
To compare liability declared in Form GSTR-3B and Form GSTR-1 and ITC claimed in Form GSTR-3B and as accrued in Form GSTR-2A, GST Portal provides the following comparison Reports:
To access the Comparison Reports, perform following steps:
1. Access the www.gst.gov.in URL. The GST Home page is displayed.
2. Login to the GST Portal with valid credentials.
3. Click the Services > Returns > Returns Dashboard command.
Alternatively, you can also click the Returns Dashboard link on the Dashboard.
4. The File Returns page is displayed. Select the Financial Year & Return Filing Period from the drop-down list.
5. Click the SEARCH button.
6. The File Returns page is displayed. In the “Comparison of liability declared and ITC claimed” tile, click the VIEW button.
7. The Credit and Liability Statement page is displayed, with the following information:
8.1. Liability other than Export/Reverse Charge
8.2. Liability due to Reverse Charge
8.3. Liability due to Export and SEZ Supplies
8.4. ITC Credit Claimed and Due
8.1. Liability other than Export/Reverse Charge
8.1.1. Click the LIABILITY OTHER THAN EXPORT/REVERSE CHARGE button.
8.1.2. The Liability other than Export/Reverse Charge page is displayed, containing the following details:
Note:
8.1.2. Scroll to the right to view the complete report.
8.1.3. Click DOWNLOAD button to the download the details in Excel format. To go to the previous page, click BACK.
8.2. Liability due to Reverse Charge
8.2.1. Click the LIABILITY DUE TO REVERSE CHARGE button.
8.2.2. The Liability due to Reverse Charge page is displayed, containing the following details:
Note: This report may be used as a reference to declare or compare liability due to reverse charge on inward supplies in Form GSTR-3B with auto-drafted details as appearing in Form GSTR-2A, reported by corresponding registered suppliers in their Form GSTR-1.
8.2.2. Scroll to the right to view the complete report.
8.2.3. Click DOWNLOAD button to the download the details in Excel format. To go to the previous page, click BACK.
8.3. Liability due to Export and SEZ Supplies
8.3.1. Click the LIABILITY DUE TO EXPORT AND SEZ SUPPLIES button.
8.3.2. The Liability due to Export and SEZ Supplies page is displayed, containing the following details:
Note: This comparative table will help the taxpayer to have the overview of liabilities pertaining to zero rated supplies declared in Form GSTR-3B and Form GSTR-1 and to see that liability is correctly declared and liquidated. Corrective actions on liability declared on these forms/ return can be taken by taxpayer in case any discrepancy is noticed. This may also be used as a reference to declare liability in Form GSTR-3B, once Form GSTR-1 is filed for such tax period.
8.3.2. Scroll to the right to view the complete report.
8.3.3. Click DOWNLOAD button to the download the details in Excel format. To go to the previous page, click BACK.
8.4. ITC Credit Claimed and Due
8.4.1. Click the ITC CREDIT CLAIMED AND DUE button.
8.4.2. The ITC Credit Claimed and Due page is displayed, containing the following details:
Note: This may be used as a reference to declare or compare ITC as claimed in Form GSTR-3B with auto-drafted details as appearing in Form GSTR-2A, reported by corresponding registered supplier in their Form GSTR 1 or by ISD distributors in their Form GSTR 6. Corrective actions on credit claimed on these forms/ return can be taken by taxpayer in case any discrepancy is noticed.
8.4.2. Scroll to the right to view the complete report.
8.4.3. Click DOWNLOAD button to the download the details in Excel format. To go to the previous page, click BACK.
(Republished with amendments)
****
Disclaimer: The contents of this article are for information purposes only and does not constitute an advice or a legal opinion and are personal views of the author. It is based upon relevant law and/or facts available at that point of time and prepared with due accuracy & reliability. Readers are requested to check and refer relevant provisions of statute, latest judicial pronouncements, circulars, clarifications etc before acting on the basis of the above write up. The possibility of other views on the subject matter cannot be ruled out. By the use of the said information, you agree that Author / TaxGuru is not responsible or liable in any manner for the authenticity, accuracy, completeness, errors or any kind of omissions in this piece of information for any action taken thereof. This is not any kind of advertisement or solicitation of work by a professional.
i have checked that all my purchase bill are in gstr 2A not a single purchase bill is missing or not uploaded by my parties from whome i made purchase but still there is a mismatch ,please help
ITC AVAILABLE IN GSTR 2A & ALSO AVAILABLE ITC IN GSTR 2B SUPPLIER FILLED GSTR 1FOR THE MONTH OF AUGUST 2020 BUT ITC NOT SHOWN TAX LIABILITIES & ITC COMPARISON . GSTR 3B NOT FILLED FOR AUGUST 2020 DUE TO ITC NOT SHOWN IN TAX LIABILITIES & ITC COMPARISON . PLEASE SOLVE THE MATTER.
Data from 3.1 table reverse charge is taken in itc claimed amount but not in itc available 2a. This is creating mismatch every month. How to resolve
is it possible to edit 3-B TURNOVER IN GSTR-9
SINCE THERE IS A DIFF.BETWEEB GSTR1
AND GSTR-3B PLEASE CLARIFY