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The new GST return system has newly introduced a matching tool for taxpayers to match their purchase register with the entries in ANX-2 on a regular basis.
14th March 2020*
The new GST return system will be implemented from October 2020.
The present return filing system (GSTR-1, 2A & 3B) will continue until September 2020.
*Subject to CBIC notification
The offline tool alongwith its prototype enables users to familiarise themselves with the workign capabilities of the new GST returns system. This tool has also been introduced to get feedback from the users. One of the features provided will be a Matching Tool which can be used by a taxpayer to match entries in the GST ANX-2 with the Purchase Register. The taxpayer can view and rectify differences between the Purchase Register and the data uploaded by the supplier.
From July 2019 onwards, the new return system (i.e. GST ANX-1 & GST ANX-2) will be available on a trial basis for taxpayers. This trial will have no impact at the back-end on the tax liability or input tax credit of the taxpayer.
GSTR-2A is an automatically generated return by the GST portal. When the supplier files his GSTR-1, the information is captured in GSTR-2A. The purchase register is maintained by the recipient. Thus, there could be cases of mismatch between the two and the taxpayer needs to do a reconciliation to figure out the differences and rectify the same. This process needs to be done manually. However, under the New Return System, on upload of the purchase register, the Matching Tool will automatically compare the purchase register and data uploaded by the supplier. The recipient of supplies only needs to take action on the compared data as elaborated in detail below.
Below are the seven parameters on the basis of which the results will be populated:
There are six categories of matching results available to users, based on these parameters.
|1||Exact Match||If all of the above parameters match.|
|2||Partial Match||When GSTIN and document type match but there is a mismatch in only one parameter among the below-listed parameters in GST ANX-2 and the Purchase Register:
|3||Probable Match||When there is a mismatch either in GSTIN or document type but the rest of the five parameters match then it will fall under this category.|
|4||Unmatched||A record is said to be unmatched, if the following parameters match:
|5||In GST ANX-2 but not in Purchase Register||All documents that are present in GST ANX-2 but could not be found in Purchase Register will be classified in this category.|
|6||In Purchase Register but not in GST ANX-2||All documents that are present in Purchase Register but could not be found in GST ANX-2 will be classified in this category.|
Note: The steps given below are applicable to both the offline tool and its prototype, unless mentioned otherwise. Certain functionalities, as mentioned below, is not be active on offline tool.
Step 1: Navigate and Login:
Step 2: Open the Home Screen of the Offline Tool and fill details: A screen will pop-up with various functionalities available in the Offline Tool. The user shall click on ‘Take Action’ in order to take action on the documents in FORM GST ANX-2.
Step 3: Select the Matching Tool option: This tool enables the matching of entries between the GST ANX-2 and the purchase register.
Note: A user may download a template available on the GST Portal to maintain the purchase register in the specified Excel/CSV format. This will help the easy import of data and comparison of entries in the GST ANX-2.
Step 4: Import and view Purchase Register: Click on ‘Import Excel/CSV’ to import the purchase register.
Once imported, click ‘View Purchase Register’ to view the imported details. A user can view the details of Purchase Register supplier-wise or document-wise.
Note: A user can also remove all the entries imported from the purchase register by clicking on ‘Remove Purchase Register’. But, currently, this feature is not available on the demo tool.
A user can view the displayed data in two ways: If the user selects supplier-wise details: A user can view the document details of each supplier by clicking on a particular GSTIN such as invoice, debit notes, credit notes etc.
If the user selects document-wise details: A user can view individual document-wise details.
In both the views, a user can customize his view column-wise, GSTIN-wise, sorting the results or by inputting keywords. A user can also search for a GSTIN as well as sort the results. However, these features are currently not available in the prototype.
Step 5: Click on ‘Back’ and then click on ‘Match’ on the purchase register screen to compare the entries of Purchase Register with the entries of GST ANX-2:
The matching results will be displayed table-wise.
Each Match Type will be hyperlinked to view the summary in Tabular Form.
Note: Currently, this feature is not available in the prototype.
By clicking on “Match” or “Mismatch” user will be able to view the below screen, to take actions.
Step 6: Click Refine Matching Result to refine matching results for tax amounts or document number (currently this feature is not functional):
Step 7: Click Apply and Rematch in order to get the results matched again based on the refined matching parameters and the tolerance limits selected:
It will show:
Note: These features are not available in the offline tool as well as its prototype.
Step 8: View the results and click the relevant Match type hyperlink to view the details: On clicking the hyperlink the details of matching results are displayed. The sample results can be seen for only the following three Match types:
1. B1(1) Exact match: Below is the sample. On clicking the Show Purchase Register details option, all the entries from Purchase Register are displayed. The record in a grey coloured row in Italic format is the one from Purchase Register.
2. B2(1) Partial match: Below is the sample. The mismatches are highlighted in red. The record in a grey coloured rows are the ones from Purchase Register.
3. B2(3) Partial match with approximation: Below is the sample. The record in a grey coloured row is the one from Purchase Register.
Actions that can be taken on the matching tool: After the population of matching results the user can take the following actions:
Note: If the document has not been marked as accepted, rejected or pending it will be deemed to be accepted. The implementation of new GST return will make the tedious task of filing GST Returns simpler. The demo will familiarize users with the new return system and get feedback on the same. Thus, making the final product user-friendly.