GST COMPLIANCE

GST Reconciliation Services in Dwarka, New Delhi

GST reconciliation is one of the most critical compliance activities for any registered taxpayer. It involves matching the data filed by you in your GST returns with the data available on the GST portal, primarily auto-populated from your suppliers.

At Vivek Tiwari & Company (Tiwariv), based in Dwarka Sector 23B, New Delhi, we assist businesses and professionals in identifying mismatches, correcting errors, and ensuring that eligible input tax credit (ITC) is properly claimed without future disputes.

This service is especially important for taxpayers who receive GST notices, face ITC reversals, or want clean and compliant records before assessment or audit.

GST RECONCILIATION

What Is GST Reconciliation and Why It Matters

GST reconciliation is the process of comparing:

Purchase records and books of accounts
GSTR-2B and supplier-reported data
GSTR-3B returns already filed

In practice, mismatches are common. Suppliers may delay filing returns, upload incorrect invoices, or amend data later. If reconciliation is ignored, it often leads to excess ITC claims, interest liability, or departmental notices.

From real cases handled at our Dwarka office, most GST disputes start with poor reconciliation rather than intentional non-compliance.

Who Should Opt for GST Reconciliation

This service is relevant for:

Regular GST-registered businesses

All businesses registered under GST requiring ITC reconciliation

Traders and service providers claiming ITC

Entities regularly claiming input tax credit on purchases

Companies with high vendor volume

Businesses with multiple suppliers requiring regular reconciliation

Businesses that have received GST notices

Those who have received departmental notices regarding ITC mismatches

Taxpayers preparing for GST audit or scrutiny

Preparing for upcoming GST audits or departmental scrutiny

Even small businesses

Small businesses benefit from periodic reconciliation to avoid cumulative errors

Applicable Laws & Compliance Framework

GST reconciliation is governed under the Central Goods and Services Tax Act, 2017, mainly:

Section 16

Conditions for claiming Input Tax Credit

Section 37 & 38

Furnishing of outward supplies and auto-generated statements

Section 39

Filing of returns (GSTR-3B)

The GST Department relies heavily on data matching through GSTR-2B. Any difference between books and portal data can trigger scrutiny.

GST Reconciliation Process Followed by Tiwariv

Our approach is practical and compliance-focused. Each case is handled individually based on transaction volume and risk level.

Collection of Data

Collection of books, returns, and portal data

Data Matching

Matching purchase register with GSTR-2B

Identification

Identification of excess, short, or ineligible ITC

Discrepancy Analysis

Vendor-wise and invoice-wise discrepancy analysis

Advisory Support

Advisory on reversals, reclaims, or corrections

Rectification Support

Support in rectification through future returns

Notice Assistance

Assistance in replies if notices are already issued

The objective is not just matching numbers, but ensuring defensible compliance.

Documents & Information Required

For effective GST reconciliation, we usually require:

GST registration details

GSTR-3B returns for relevant periods

GSTR-2B data from the GST portal

Purchase register and accounting records

Details of notices, if already received

All information is reviewed confidentially and systematically.

Common Issues, Notices & Practical Risks

Some common issues observed during reconciliation include:

ITC claimed on invoices not appearing in GSTR-2B

Duplicate or incorrect invoice entries

ITC on blocked credits under Section 17(5)

Supplier non-filing or delayed filing

Interest liability due to excess ITC

Such issues often result in notices seeking explanation or reversal with interest. Early reconciliation reduces exposure and helps maintain clean compliance history.

Why Choose Vivek Tiwari & Company

Clients approach us not just for reconciliation, but for clarity and peace of mind.

Local Presence

Local presence in Dwarka Sector 23B, New Delhi

Hands-on Experience

Hands-on experience in GST compliance and corrections

Practical Understanding

Practical understanding of GST portal data and notices

+91-8800022202 www.tiwariv.com Dwarka Sector 23B, Delhi

Consult for GST Reconciliation in Dwarka, New Delhi

If you're facing GST ITC issues or notices, consult Vivek Tiwari & Company at our Dwarka Sector 23B office. We help maintain accurate records and ensure compliant GST filings.

Call Now: +91-88000 22202

Frequently Asked Questions

Q1. What is GST reconciliation in simple terms?

It is the process of matching your purchase records with GST portal data to ensure correct ITC claims.

Q2. Is GST reconciliation mandatory?

While not filed separately, it is essential to comply with ITC conditions and avoid future disputes.

Q3. How often should GST reconciliation be done?

Ideally on a monthly or quarterly basis, depending on transaction volume.

Q4. What happens if mismatches are found?

Depending on the nature, ITC may need to be reversed or reclaimed later after correction.

Q5. Can GST reconciliation help in replying to notices?

Yes. A proper reconciliation forms the base for factual and legally sound replies.

Q6. Is reconciliation required before the GST audit?

Yes. It is strongly recommended before any audit or scrutiny.