GSTR-2A Reconciliation
GSTR-2A is a report that contains details of your inward supplies (purchases) as reported by your vendors in their GSTR-1. It is automatically generated in the GST portal, allowing you to verify and reconcile your purchase transactions before filing your GSTR-3B.
Prerequisite: Please ensure that you have enabled API Access for Zoho ERP in the GSTN Portal. Transactions should be marked as Eligible for ITC if you would like to claim Input Tax Credit for them.
Pull Transactions From GSTR-2A
The first step in reconciliation is to pull transactions from the GSTR-2A available in the GST portal. Here’s how:
- Go to Accounting on the left sidebar.
- Click the Filing & Compliances dropdown in the module bar and select Taxes & Filing.
- Select the return period for which you want to generate the return under GST Summary for.
- Click All Transactions under the GSTR-2A section. This section comprises the Overview, Reconciliation, and Complete Your Returns tabs.
- Click the Overview tab to view all transactions in Zoho ERP. You can click on any transaction to view its details.
- Navigate to the Reconciliations tab and click Pull from GSTN.
- Click Generate OTP in the pop-up that appears, and enter the OTP sent by GSTN to your registered mobile number or email address.
You will now be able to view the transactions uploaded by your vendor in the GSTN Portal. After pulling transactions from GSTR-2A, Zoho ERP automatically categorises them to simplify the reconciliation process. You can then review and reconcile each transaction based on its status.
Under the Reconciliation tab, transactions are grouped into different sections. Each transaction includes an Action dropdown, allowing you to choose how it should be handled.
| Section | Description | Action |
|---|---|---|
| Matched | Transactions pulled from GSTN that match transactions in Zoho ERP, including those you have manually matched. | * Accept to move transactions to the Reconciled tab. * Mark as Pending to use the transaction in the next return filing cycle. |
| Partially Matched | Transactions in Zoho ERP that partially match those pulled from GSTN (for example, a mismatch in amounts). | * Use My Value to use the value recorded by you. * Modify and Match to modify the data in your Zoho ERP account. |
| Missing in Zoho ERP | Transactions that are not present in Zoho ERP but are pulled from GSTN during the GSTR-2A transaction fetch. | * Create and Match to create a new transaction in Zoho ERP and move it to the Matched section. * Reject if the transaction is irrelevant to you. |
| Missing in GSTN | Transactions that are present in Zoho ERP but not available in GSTN are displayed under this tab. | Add to GSTN to move the transactions to the Matched section |
| Reconciled | Matched transactions that are ready to be pushed to GSTN. | Revert Reconciliation to undo the reconciliation. |
Once you have completed, navigate to the Complete Your Return tab and click Mark as Completed.
Mark Return as Open
Once you mark a GSTR-2 return for a specific period as Completed, you won’t be able to edit the transactions, as they will already be reconciled. However, if you need to make changes, you can mark the return as Open in Zoho ERP and make the necessary corrections. Here’s how:
- Go to Accounting on the left sidebar.
- Click the Filing & Compliances dropdown in the module bar and select Taxes & Filing.
- Select the return period for which you want to generate the return under GST Summary for.
- Click Mark as Open next to the GSTR-2A section.
The return will then be open, and you can make the necessary corrections. After making the changes, ensure that you mark the return as Completed again.