Status Reconciliation in GSTR-1 TallyPrime: 6 Easy Steps

In TallyPrime, GSTR-1 Status Reconciliation offers a powerful tool to compare your business records with the data reported in your GSTR-1 form submitted to the GST portal.

This helps you identify and address any discrepancies, ensuring data accuracy and compliance.

Here’s a detailed breakdown of GSTR-1 Status Reconciliation in TallyPrime:

1. Function:

  • Imports GSTR-1 data filed on the portal back into TallyPrime.
  • Compares this data with the corresponding transactions recorded in your books.
  • Categorizes transactions based on their reconciliation status:
    • Reconciled: Transaction details match perfectly on both sides.
    • Mismatched: Discrepancies exist in details like tax rate, amount, or party information.
    • Available only on Portal: Transaction exists in the portal but not in your books.
    • Reconciled (No corresponding voucher): Transaction exists in TallyPrime but not reflected in your GSTR-1.

2. Accessing Reconciliation:

  • Go to Gateway of Tally > Display > Statutory Reports > GST Reports > GSTR-1.
  • Select the relevant Return Period and click Alt+O (Import) > GST Returns.
  • Choose JSON file as the import option and browse to the downloaded GSTR-1 JSON file from the portal.
  • Press Import.

3. Analyzing Results:

  • The GSTR-1 Reconciliation report displays details of all transactions based on their reconciliation status.
  • Drill down into Mismatched and Available only on Portal transactions to identify and address discrepancies.
  • For Reconciled (No corresponding voucher) transactions, verify if manual entries are required in TallyPrime.

4. Common Reconciliation Issues:

  • Data Entry Errors: Typos, incorrect tax rates, or other mistakes during data entry can lead to mismatches.
  • Missing Transactions: Transactions not recorded in TallyPrime will appear as “Available only on Portal”.
  • Inconsistency in Party Details: Differences in party names, GSTINs, or state codes can cause reconciliation issues.
  • Late Amendments: Changes made in the portal after exporting the JSON file might not be reflected in the reconciliation report.

5. Benefits of Reconciliation:

  • Early identification and correction of errors, preventing penalties and rework.
  • Improved data accuracy and compliance with GST regulations.
  • Enhanced confidence in your GSTR-1 filing and financial reporting.

Additional Tips for Status Reconciliation in GSTR-1 TallyPrime:

  • Maintain proper documentation for any adjustments made based on the reconciliation report.
  • Consider reconciling your GSTR-1 regularly to ensure ongoing data accuracy.
  • Consult your accountant if you encounter complex reconciliation issues or require expert guidance.

Remember, GSTR-1 Status Reconciliation is a valuable tool for ensuring data integrity and GST compliance.

By actively utilizing this feature and addressing discrepancies promptly, you can maintain accurate records and avoid potential penalties.


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