Reconciliation of GST returns: system-matching of GSTR-1/GSTR-2 with GSTR-3B triggers ledger adjustments and tax payments. Systemised reconciliation compares figures in FORM GSTR-3B with details in FORM GSTR-1 and FORM GSTR-2. The portal auto-drafts FORM GSTR-3 using FORM GSTR-1/2 data; discrepancies trigger additional payments debiting electronic cash or credit ledgers with interest, or crediting excess eligible input tax credit to the electronic credit ledger. Corrections to FORM GSTR-3B are to be made via FORM GSTR-1 or FORM GSTR-2 and reflected in the reconciled FORM GSTR-3; a return is valid when the tax payable in the reconciled FORM GSTR-3 is paid in full.
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Provisions expressly mentioned in the judgment/order text.
Reconciliation of GST returns: system-matching of GSTR-1/GSTR-2 with GSTR-3B triggers ledger adjustments and tax payments.
Systemised reconciliation compares figures in FORM GSTR-3B with details in FORM GSTR-1 and FORM GSTR-2. The portal auto-drafts FORM GSTR-3 using FORM GSTR-1/2 data; discrepancies trigger additional payments debiting electronic cash or credit ledgers with interest, or crediting excess eligible input tax credit to the electronic credit ledger. Corrections to FORM GSTR-3B are to be made via FORM GSTR-1 or FORM GSTR-2 and reflected in the reconciled FORM GSTR-3; a return is valid when the tax payable in the reconciled FORM GSTR-3 is paid in full.
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