GST Reconciliation

Reconciliation under Goods & Services Tax (GST) is about matching the data filed by the supplier, with those of the recipients and recording all the transactions that have taken place during that period.

The reconciliation process ensures that no sales or purchases are omitted or wrongly reported in the GST returns.

The taxpayers must reconcile their data on a regular basis with that of the vendors, to claim eligible Input Tax Credit (ITC).

The process of reconciliation is simple, but can be time-consuming, as the taxpayers are required to continuously keep an eye on any discrepancy or mismatches that may affect the ITC claim.

Reconciliation PROCESS-FLOW

  • Client will provide data

    (or allow ARKCA access on accounting server)

  • Updated 2A to be provided by Client / download from GSTIN portal
  • Analysis by ARKCA and complete report generation
  • Rectification process by ARKCA

    -Ledger account of vendors, where data mismatch
    -Contact details of such vendors
    -Specific email ID on client webmail, enable ARKCA to follow-up with vendors for rectification

  • Follow up with vendor through telecall / email
  • Help vendors for any clarification , queries & company internal issues


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