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The GSTR-1 Vs E-Invoice reconciliation process involves comparing the outward supply data reported in your GSTR-1 return with the invoices generated on the e-invoice portal.
This process helps ensure that all invoices uploaded in the e-invoice system are correctly reflected in GSTR-1, and any missing or mismatched invoices can be identified easily.
Enable E-Invoice Option First:
- Before starting reconciliation, you must ensure that the E-Invoice option is enabled for the selected company.
- To enable this feature, go to the Company Settings module from the main menu. Locate the company you want to update and click Edit.
- Scroll down to the bottom of the settings page, where you will find the Enable E-Invoice option. Turn it on and click Save.
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Note: Without enabling this option, you won’t be able to see E-invoice related reports and download or reconcile E-invoice data for the company.
How to Access the GSTR-1 Vs E-Invoice Reconciliation Feature:
- On the My Company page, click the Reports button, then click on the Sales section and select “GSTR-1 v E-Invoice”.
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Begin the reconciliation process:
- On the reconciliation page, you will see two sections named GSTR-1 Data and E-Invoice Data.
- Select the return period range from the top right month and year section fields.
- After selecting the return period, click on the Reload button to view the selected range for reconciliation.
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Upload GSTR-1 Data:
- In the GSTR-1 Data section, click the Upload GSTR-1 Data option to add the data of outward supplies.
- Make sure you enter the correct data successfully for reconciliation.
Download E-Invoice Data from the portal:
- In the E-Invoice Data section, click the Download Data from GSTN option to fetch the E-invoice data.
- Again, ensure the correct portal credentials are added before downloading.
Continue to Data Overview:
- Once all data is downloaded, click on the Let’s Match button to set an acceptable mismatch difference value for reconciliation.
- After accepting the mismatch value and clicking Continue, again click on Continue to Overview from the matching data pop-up to proceed to the matching summary page.
Matching Summary page:
- Here on the Matching Summary page, you can select Type of Document from the top left dropdown menu.
- You will see filter boxes such as:
- All
- Exact Match
- Suggested Match
- Mismatched
- Missing in E-Invoice
- Missing in GSTR-1
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- Click View Result in Details to see the detailed comparison of the data.
View Result in Details page:
- Here you can choose between Supplier View and Document View.
Customer View:
- Data is shown by the supplier’s GST number.
- You can filter data by Document Type and Summary Type.
- Reports can be downloaded using the Download Reports option at the top right.
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Document View:
- Data is shown by Document number.
- You can filter by Document Type and Summary Type.
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- You can also change the status of a particular document:
- Accept E-Invoice value → Accepts the value reported in E-Invoice
- Accept GSTR-1 value → Accepts the value reported in GSTR-1
- Reports can also be downloaded from the Download Reports option at the top right.
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