TaxTMI 
TaxTMI 
Dear experts
kindly clarify
there is differential value arising during the reconciliation between Profit and loss account income and GSTR 3B. The GST demand will be IGST or CGST/SGST
IGST OR CGST/SGST
24 Feb 2022 
4 Replies 
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Determination of IGST or CGST/SGST depends on customer location and GSTIN, reconcile invoices and ledger entries.
Determine IGST versus CGST/SGST by reference to the customer location and GSTIN on the sales invoice. Taxable value posts to revenue and the tax component to a current liability; reconcile GSTR 3B by tracing invoices and any journal entries. If no book entry exists, investigate, document the reason for the mismatch, correct accounting entries, and be prepared to justify the difference to the tax authority. (AI Summary)
Determine IGST versus CGST/SGST by reference to the customer location and GSTIN on the sales invoice. Taxable value posts to revenue and the tax component to a current liability; reconcile GSTR 3B by tracing invoices and any journal entries. If no book entry exists, investigate, document the reason for the mismatch, correct accounting entries, and be prepared to justify the difference to the tax authority. (AI Summary)