Comparison of Liability Declared and ITC Claimed

The article discusses on Comparison of Liability Declared and ITC Claimed.

How can I compare liability declared in Form GSTR-3B and Form GSTR-1 with ITC claimed in Form GSTR-3B and as accrued in Form GSTR-2A/GSTR-2B?

The tax liability and ITC statement is a comparison report which is made available to the taxpayers for each financial year and tax period wise. It is based on liability declared in Form GSTR-1 and Form GSTR-3B, ITC claimed as per Form GSTR-3B and accrued as per Form GSTR-2A/GSTR-2B.

Note: Once the values are taken from Form GSTR-2B, the values from Form GSTR-2A will not be taken. Till June 2020, the values are taken from Form GSTR-2A and from July 2020 onwards, the values are taken from Form GSTR-2B.

To access the Tax liabilities and ITC comparison reports, perform following steps:

1. Access the www.gst.gov.in URL. The GST Home page is displayed. Login to the GST Portal with valid credentials. Click the Services > Returns > Tax Liabilities and ITC comparison option.
2. The Tax liabilities and comparison page is displayed. From the Financial Year drop-down list select the year for which you want to view the comparison reports and click the SEARCH button.
3. The Credit and Liability Statement page is displayed.
4. On the Credit and Liability Statement page, the Taxpayer information, Tax liability and ITC statement summary and links to five other reports are displayed.

1. Tax Liability and Input Tax Credit (ITC) Statement (Summary)
2. Tax Liability other than export/ reverse charge (Report 1)
3. Tax Liability due to reverse charge (Report 2)
4. Tax Liability due to Export and SEZ supplies (Report 3)
5. Input tax credit claimed and due (Other than import of goods) (Report 4)
6. Input tax credit claimed and due (Import of goods) (Report 5)

Note: In case you have declared less liability in Form GSTR-3B than what is reported in Form GSTR-1, then the corresponding values are highlighted in red (Report 1, 2 & 3). In similar manner, in case you have claimed more ITC than what accrued as per Form GSTR-2A/2B, then the corresponding values are highlighted in red (Report 4 & 5).

Note:

Click the DOWNLOAD CSV button available under each report to download individual report in a CSV format.

Click the + icon against link of reports to expand the report details.

Click the DOWNLOAD COMPARISON REPORTS (EXCEL) to download complete comparison reports. The comparison report is displayed in the following format in an excel. Different reports are available in separate sheets.

Click the HELP button to get the help related to this page. Comparison of Liability Declared and ITC Claimed.

The Tax liability and ITC Statement (Summary)

The screenshot below displays the Tax liability and ITC statement summary. This summary contains the:

Sum of Tax liability declared as per GSTR-1 [As per report no. 1 (Tax liability other than export / reverse charge) & 3 (Tax liability due to Export and SEZ supplies)]

Sum of Tax liability declared as per GSTR-3B [As per report no. 1 (Tax liability other than export / reverse charge) & 3 (Tax liability due to Export and SEZ supplies)]

Sum of ITC claimed as per GSTR-3B [As per report no. 4 (Input tax credit claimed and due (Other than import of goods)) and 5* (Input tax credit claimed and due (Import of goods)]

Sum of ITC auto drafted as per GSTR-2A/ 2B [As per report no. 4 (Input tax credit claimed and due (Other than import of goods)) and 5* (Input tax credit claimed and due (Import of goods)]

Note: *Report 5 (Input tax credit claimed and due (Import of goods)) is applicable from return period July 2020 onwards.

Click the DOWNLOAD (CSV) button to download the tax liability and ITC statement summary in a CSV format.

The file download is displayed at the bottom of the page. Click and open the excel file. The Tax liability and ITC statement summary is displayed in the following format.

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Tax Liability other than export/ reverse charge (Report 1)

The screenshot bellow displays the Tax Liability other than export/ reverse charge report. This report contains the details and difference of Tax liability declared in Form GSTR-3B during the month [as per table 3.1(a)] and Tax declared in Form GSTR-1 (other than reverse charge supply) during the month [as per table 4A, 4C, 5, 6C, 7, 9A, 9B, 9C, 10, 11] under different tax heads of Integrated tax (IGST), Central tax (CGST), State/Union Territory tax (SGST/UTGST) and Cess (Cess).

Note:

The table 3.1(a) – Outward taxable supplies (other than zero rated, nil rated and exempted) of Form GSTR-3B is considered for the comparison of liabilities.

The following tables of Form GSTR-1 have been considered for computing the liabilities:

Table 4A – Supplies other than those attracting reverse charge and supplies made through e-commerce operator

Table 5 – Taxable outward inter-State supplies to un-registered persons where the invoice value is more than Rs 2.5 lakh

Table 6C – Deemed exports

Table 7 – Taxable supplies (Net of debit notes and credit notes) to unregistered persons other than the supplies covered in Table 5

Table 9 – Amendments to taxable outward supply details furnished in statements for earlier tax periods in Table 4A, 4C, 5 and 6C (including debit notes, credit notes issued during current period and amendments thereof)

Table 10 – Amendments to taxable outward supplies to unregistered persons furnished in returns for earlier tax periods in Table 7

Table 11 – Advances received/Advances adjusted in the current tax period/ Amendments of information furnished in earlier tax period

Note:

In case of amendments, only differential amount (Amended – Original) is considered.

In case of debit/credit notes, only net amount is considered (Debit notes – credit notes).

Click the DOWNLOAD (CSV) button to download the tax liability other than export/ reverse charge in a CSV format. The file downloaded is displayed at the bottom of the page. Click and open the CSV file.

The Tax liability other than export/ reverse charge report is displayed in the following format.

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Tax Liability due to Reverse Charge (Report 2)

The screenshot bellow displays the Tax Liability due to reverse charge report. This report contains the details and difference of Tax liability declared in Form GSTR-3B during the month [as per table 3.1(d)] and Amount auto-drafted in PART-A of GSTR-2A/ GSTR-2B [As per table B2B, B2BA, CDNR, CDNRA] under different tax heads i.e. Integrated tax (IGST), Central tax (CGST), State/Union Territory tax (SGST/UTGST) and Cess (Cess).

Note:

The Table 3.1(d) – Inward Supplies (liable to reverse charge) of Form GSTR-3B is considered for the comparison of liabilities.

The following tables of Form GSTR-2A are considered for computing reverse charge liabilities:

Table 3 – Inward supplies received from registered persons for supplies attracting reverse charge

Table 4 – Amendment to inward supplies received from registered persons on which tax is to be paid on reverse charge

Table 5 – Debit/ Credit notes received during the current tax period for supplies attracting reverse charge

Table 6 – Amendments to Debit/ Credit notes for supplies attracting reverse charge.

The following tables of Form GSTR-2B are considered for computing reverse charge liabilities:

B2B – Invoices which are marked as reverse charge

B2BA – Amendment to invoices which are amended and marked as reverse charge

CDNR – Debit/ credit notes linked to invoices which are marked as reverse charge

CDNRA – Amendment to Debit/ Credit notes linked to invoices which are marked as reverse charge

Note:

In case of amendments, only differential amount (Amended – Original) are considered.

In case of debit/ credit notes only net is considered (Debit notes – Credit notes).

Note: The values that are currently taken from Form GSTR-2A, will be taken from Form GSTR-2B once it gets implemented. The values will be updated in the tables once the Form GSTR-2B is generated. The updation of values from Form GSTR-2A will be discontinued once Form GSTR-2B is implemented successfully.

Click the DOWNLOAD (CSV) button to download the tax liability due to reverse charge in a CSV format. The file downloaded is displayed at the bottom of the page. Click and open the CSV file.

The tax liability due to reverse charge is displayed in the following format.

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Tax Liability due to Export and SEZ supplies (Report 3)

The screenshot below displays the Tax liability due to Export and SEZ supplies report. This report contains the details and difference of Tax liability declared in Form GSTR-3B during the month [as per table 3.1(b)] and Tax liability declared in Form GSTR-1 (Export and SEZ) during the month [as per table 6A, 6B, 9A, 9C] under different tax heads i.e. Integrated tax (IGST), Central tax (CGST), State/Union Territory tax (SGST/UTGST) and Cess (Cess).

Note:

The table 3.1(b) – Outward taxable supplies (zero rated) of GSTR-3B is considered for the comparison of liabilities.

The following tables of Form GSTR-1 are considered for computing the liabilities:

Table 6A – Exports

Table 6B – Supplies made to SEZ unit or SEZ Developer

Table 9 – Amendments to outward supply details furnished in returns for earlier tax periods in Table 6A, 6B [including debit notes, credit notes issued during current period and amendments thereof]

Note:

In case of amendments, only differential amount (Amended – Original) are considered.

In case of debit/ credit notes, only net amount is considered (Debit notes – Credit notes)

Click the DOWNLOAD (CSV) button to download the tax liability due to export and SEZ supplies in a CSV format. The file downloaded is displayed at the bottom of the page. Click and open the CSV file.

The Tax liability due to export and SEZ supplies report is displayed in the following format.

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Input tax credit claimed and due (Other than import of goods) (Report 4)

The screenshot below displays the Input tax credit claimed and due (Other than import of goods) report. This report contains the details and difference of ITC claimed in Form GSTR-3B during the month [as per table 4A(4)+4A(5)+4D(1)+4D(2)] and ITC auto-drafted in Form GSTR-2A during the month [as per PART-A, PART-B / GSTR-2B [as per table B2B, B2BA, CDNR, CDNRA] (Excluding RCM supplies) under different tax heads i.e. Integrated tax (IGST), Central tax (CGST), State/Union Territory tax (SGST/UTGST) and Cess (Cess). Comparison of Liability Declared and ITC Claimed.

Note:

The following tables of Form GSTR-3B are considered for computing the ITC claimed:

Table 4(A)(4) – ITC available (whether in full or part) – Inward supplies from ISD

Table 4(A)(5) – ITC available (whether in full or part) – All other ITC

Table 4(D)(1) – Ineligible ITC as per Section 17(5)

Table 4(D)(2) – Ineligible ITC (Others)

The following tables from Form GSTR-2A are considered for computing ITC accrued:

Table 3 – Inward supplies received from a registered person for supplies other than those attracting reverse charge

Table 4 – Amendment to Inward supplies received from a registered person for supplies other than those attracting reverse chargee

Table 5 – Debit/ Credit notes received during the current tax period for supplies other than those attracting reverse charge

Table 6 – Amendments to Debit/ Credit notes for supplies other than those attracting reverse charge.

Table 7 – ISD credit received

Table 8 – Amendments to ISD credit received

The following tables of Form GSTR-2B are considered for computing ITC accrued:

B2B – Invoices which are marked other than reverse charge

B2BA – Amendment to invoices which are amended and marked other than reverse charge

CDNR – Debit/ credit notes linked to invoices which are marked other than reverse charge

CDNRA – Amendment to Debit/ Credit notes linked to invoices which are marked other than reverse charge

ISD – ISD Invoices and credit notes received from ISD

ISDA – Amendment to ISD invoices and credit notes received from ISD

Note:

In case of amendments, only differential amount (Amended – Original) are considered.

In case of debit/ credit notes, only net is considered (Debit notes – Credit notes).

Note: The values that are currently taken from Form GSTR-2A, will be taken from Form GSTR-2B once it gets implemented. The values will be updated in the tables once the Form GSTR-2B is generated. The updation of values from Form GSTR-2A will be discontinued once Form GSTR-2B is implemented successfully.

Click the DOWNLOAD (CSV) button to download the Input tax credit claimed and due (Other than import of goods) in a CSV format. The file downloaded is displayed at the bottom of the page. Click and open the CSV file.

The Input tax credit claimed and due (Other than import of goods) report is displayed in the following format.

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Input tax credit claimed and due (Import of goods) (Report 5)

The screenshot below displays the Input tax credit claimed and due (Import of goods) report. This report contains the details and difference of ITC claimed in Form GSTR-3B during the month [as per table 4A(1)] and ITC auto-drafted in Form GSTR-2B during the month [As per table IMPG, IMPG (SEZ)] under different tax heads i.e. Integrated tax (IGST) and Cess (Cess).

Note:

The table 4(A)(1) of Form GSTR-3B is considered for the ITC claimed on import of goods.

The following tables of Form GSTR-2B are considered for computing ITC accrued:

IMPG – Bill of entry details received from ICEGATE

IMPGSEZ – Bill of entry details received from ICEGATE on inward supplies from SEZ units/Developers

Note: In case of amendments, only differential amount (Amended – Original) are considered.

Click the DOWNLOAD (CSV) button to download Input tax credit claimed and due (Import of goods) in a CSV format. The file downloaded is displayed at the bottom of the page. Click and open the CSV file.

The Input tax credit claimed and due (Import of goods) report will be displayed. Comparison of Liability Declared and ITC Claimed.