FAQ’S on Comparison of Liability Declared and ITC Claimed

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

What is the GST Tax Liabilities and ITC Report?

The GST Tax Liabilities and ITC Comparison report compares the taxpayer’s declared liability to the ITC claimed. You can view month-by-month tax liabilities and ITC comparisons using the Tax Liabilities and ITC Comparison option under the Returns tab. Compare ITC claimed in Form GSTR-3B with ITC accrued as per Form GSTR-2A/GSTR-2B, and compare tax liability recorded in Form GSTR-3B and Form GSTR-1.

The following reports are included in the tax liabilities and ITC comparison report:

• Statement of tax liability and ITC (Summary)
• Other than export, there may be a tax burden or a reverse charge.
• Due to the reverse charge, there is a tax liability.
• Due to export and SEZ supply, there is a tax burden.
• Credit for input is requested and due
• Tax credit for inputs requested and due

From where can I view comparison of liability declared in Form GSTR-3B and Form GSTR-1 with ITC claimed in Form GSTR-3B and as accrued in Form GSTR-2A/2B?

Navigate to Services > Returns > Tax liabilities and ITC comparison > Select Financial Year and click the SEARCH button. The “Credit and Liability Statement” page is displayed that provides summary and tables containing comparative details of liability declared in Form GSTR-3B & Form GSTR-1 and ITC claimed in Form GSTR-3B and as accrued in Form GSTR-2A/GSTR-2B. FAQs on Comparison of Liability Declared and ITC Claimed.

What type of comparison reports are available on Credit and Liability Statement page?

Listed below are the comparison reports available on the “Credit and Liability Statement” page:

• Tax Liability and Input Tax Credit (ITC) Statement (Summary)
• Tax Liability other than export/ reverse charge
• Tax Liability due to reverse charge
• Tax Liability due to export and SEZ supplies
• Input tax credit claimed and due (Other than import of goods)
• Input tax credit claimed and due (Import of goods)

How can I download my tax liability and ITC statement summary?

To download your tax Liability and ITC Statement summary, click the DOWNLOAD COMPARISON REPORT (EXCEL) button provided on the right-below corner of the Credit and Liability Statement page. The complete comparison reports will get downloaded in Excel format. Different reports are available in separate sheets.

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

How frequently is the “Credit and Liability Statement” report generated?

The “Credit and Liability Statement” report is generated on near real time basis based on Form GSTR-1 and Form GSTR-3B filed by you and after generation of Form GSTR-2B. The report generation time is also displayed on the top white band of the Credit and Liability Statement page.

Tax Liability other than export/ reverse charge

From where can I view the tax liability other than export/ reverse charge report?

Navigate to Services > Returns > Select Financial Year > click the + icon on the right side of the Tax liability other than export/ reverse charge tab.

The tax liability other than export/ reverse charge details are displayed in a table.

Click the DOWNLOAD (CSV) button to download the table in a CSV format. FAQs on Comparison of Liability Declared and ITC Claimed.

What is the purpose of tax liability other than export/ reverse charge report?

The Tax liability other than export/ reverse charge report displays the following details:

Liability as declared in table 3.1 (a) of Form GSTR-3B during the month

Liability as declared in table 4A, 5, 6C, 7, 9A, 9B, 9C, 10, 11 of Form GSTR-1 (other than reverse charge supply) during the month

Shortfall/ excess for the tax period and cumulative shortfall/excess for the financial year

This comparative table will help the taxpayer to have the overview of liabilities (other than export and reverse charge) declared in Form GSTR-3B and Form GSTR-1 and to check whether liability is correctly declared. Corrective actions on liability declared on these forms/ return can be taken by the taxpayer in case of any discrepancy. This may also be used as a reference to declare liability in Form GSTR-3B, once Form GSTR-1 is filed for such tax period.

Which tables of Form GSTR-1 and Form GSTR-3B are included for comparison in tax liability other than export/ reverse charge report?

Following tables are included for comparison in tax liability other than export/ reverse charge report:

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

Data from which tables of Form GSTR-1 are excluded from comparison of tax liability, other than export/ reverse charge report?

Tables 4B, 6A, 6B, 9A, 9B and 9C, where the documents are for reverse charge, SEZ supplies and exports of Form GSTR-1 are excluded from comparison of tax liability, other than export/ reverse charge report. FAQs on Comparison of Liability Declared and ITC Claimed.

Why are certain values in the tax liability other than export / reverse charge highlighted in red?

Those values for which the tax liability reported in Form GSTR-1 is more than the tax liability reported in Form GSTR-3B in a specific tax period, under the different tax heads, would be highlighted in red.

Tax Liability due to reverse charge

From where can I view the tax liability due to reverse charge supplies report?

Navigate to Services > Returns > Tax liabilities and ITC comparison > Select Financial Year and then click the SEARCH button.

On the Credit and Liability Statement page, click the + icon against the Tax liability due to reverse charge tab.

The Tax liability due to reverse charge report is displayed in a table.

What is the purpose of tax liability due to reverse charge report?

The Tax liability due to reverse charge report displays the following details:

Reverse charge liability declared in table 3.1 (d) of Form GSTR-3B during the month

Amount auto-populated in Form GSTR-2A as per Part-A/ FORM GSTR-2B (B2B, B2BA, CDNR and CDNRA)

Shortfall/Excess in liability as per Form GSTR-3B and as per Form GSTR 2A/GSTR-2B and cumulative shortfall/excess for the financial year

This report may be used as a reference to declare or compare liability due to reverse charge on inward supplies in Form GSTR-3B, with auto-drafted details as appearing in Form GSTR-2A/ GSTR-2B, reported by corresponding suppliers in their Form GSTR-1.

How can I download my tax liability due to reverse charge report?

To download the Tax liability due to reverse charge report, click the DOWNLOAD (CSV) button provided on the right side of the Tax liability due to reverse charge tab. The report will get downloaded in a CSV format. FAQs on Comparison of Liability Declared and ITC Claimed.

How frequently is the tax liability due to reverse charge report generated?

The Tax liability due to reverse charge report is generated on near real time basis, for a particular tax period, on basis of Form GSTR-3B return filed by you and Form GSTR-2B generated. The report generation time is also displayed on the top white band of the Credit and Liability Statement page.

Data from which tables of Form GSTR-3B and Form GSTR-2A/GSTR-2B are included for comparison in the tax liability due to reverse charge report?

The Tax liability due to reverse charge report includes data from following tables of Form GSTR-3B and Form GSTR-2A/ GSTR-2B.

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

Tax Liability due to Export and SEZ supplies

From where can I view the tax Liability due to export and SEZ supplies report?

Navigate to Services > Returns > Tax liabilities and ITC comparison > Select Financial Year and then click the SEARCH button.

On the Credit and Liability Statement page tile, click the + icon against the Tax Liability due to export and SEZ supplies tab.

The Tax liability due to export and SEZ supplies report is displayed in a table.

What is the purpose of tax Liability due to export and SEZ supplies report?

The Tax Liability due to export and SEZ supplies report displays the following:

Liability as declared in table 3.1 (b) of Form GSTR-3B during the month

Liability as declared in table 6A, 6B, 9A, 9B, 9C of Form GSTR-1 (Zero rated supplies) during the month

Shortfall/ excess for the tax period and cumulative shortfall/ excess for the financial year

The table will help the taxpayer to have an overview of liabilities pertaining to zero rated supplies (Exports and SEZ supplies) declared in Form GSTR-3B and Form GSTR-1 and to see that liability is correctly declared. Corrective actions on liability declared on these forms/ return can be taken by the taxpayer in case of any discrepancy. This may also be used as a reference to declare liability in Form GSTR-3B, once Form GSTR-1 is filed for that tax period.

How can I download my tax Liability due to export and SEZ supplies report?

To download Tax Liability due to export and SEZ supplies report, click the DOWNLOAD (CSV) button provided on the right side of the Tax Liability due to export and SEZ supplies tab. The report will get downloaded in a CSV format.

How frequently is the tax Liability due to export and SEZ supplies report generated?

The Tax Liability due to export and SEZ supplies is generated on near real time basis for a particular tax period, on basis of Form GSTR-1 and Form GSTR-3B return filed by you. The report generation time is also displayed on the top white band of the Credit and Liability page.

Data from which tables of Form GSTR-1 and Form GSTR-3B are included for comparison in tax Liability due to export and SEZ supplies?

The Tax liability due to export and SEZ supplies report includes data from:

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]

Why are few values in the tax liability due to export and SEZ supplies highlighted in red?

For the tax periods for which the tax liability reported in GSTR-1 is more than the tax liability reported in GSTR-3B, then those specific values under the different tax heads are highlighted in red.

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

From where can I view the Input Tax Credit claimed and due (Other than import of goods) report?

Navigate to Services > Returns > Tax liabilities and ITC comparison > Select Financial Year and then click the SEARCH button.

On the Credit and Liability Statement page tile, click the + icon against the Input Tax Credit claimed and due (Other than import of goods) tab.

The Input Tax Credit claimed and due (Other than import of goods) report is displayed in a table.

What is the purpose of Input Tax Credit claimed and due (Other than import of goods) report?

The Input Tax Credit claimed and due (Other than import of goods) report displays the following:

ITC claimed in table 4A (4) +4A (5) + 4D (1) + 4D (2) of Form GSTR-3B during the month

ITC auto-populated in Part-A (as per GSTR-1) and Part-B (as per GSTR-6) of Form GSTR-2A or

ITC auto-drafted in B2B, B2BA, CDNR, CDNRA, ISD and ISDA of Form GSTR-2B

Shortfall/ excess for the tax period and cumulative shortfall/ excess for the financial year selected

This may be used as a reference to declare or compare ITC as claimed in Form GSTR-3B with auto-drafted details as appearing in Form GSTR-2A/GSTR-2B, reported by corresponding registered supplier in their Form GSTR-1 or by ISD in their Form GSTR-6. Corrective actions on credit claimed on these forms/ return can be taken by the taxpayer in case of any discrepancy.

How can I download my Input Tax Credit claimed and due (Other than import of goods) report?

To download the Input Tax Credit claimed and due (Other than import of goods) report, click the DOWNLOAD (CSV) button provided on the right side of the Input Tax Credit claimed and due (Other than import of goods) tab. The report will get downloaded in a CSV format.

How frequently is the Input Tax Credit claimed and due (Other than import of goods) report generated?

The Input Tax Credit claimed and due (Other than import of goods) is generated on near real time basis for a particular tax period, on basis of Form GSTR-3B filed by you and filing of Form GSTR-1 by your suppliers and generation of  Form GSTR-2B. The report generation time is also displayed on the top white band of the Input Tax Credit claimed and due (Other than import of goods) page.

Data from which tables of Form GSTR-2A/GSTR-2B and Form GSTR-3B are included for comparison in the Input Tax Credit claimed and due (Other than import of goods) report?

The Input tax credit claimed and due (Other than import of goods) report includes data from:

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 charge

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: The details of reverse charge are not included from GSTR-2A/GSTR-2B

Why are few values in the Input Tax credit claimed and due (Other than import of goods) highlighted in red?

For the tax periods for which the Input tax credit claimed in GSTR-3B is more than the Input tax credit due as per GSTR-2A/GSTR-2B, then those specific values under the different tax heads are highlighted in red. FAQs on Comparison of Liability Declared and ITC Claimed.

Input tax credit claimed and due (Import of goods)

From where I can view the input tax credit claimed and due (Import of goods) report?

Navigate to Services > Returns > Tax liabilities and ITC comparison > Select Financial Year and then click the SEARCH button.

On the Credit and Liability Statement page tile, click the + icon against the Input tax credit claimed and due (Import of goods) tab.

The Input Tax Credit claimed and due (Import of goods) report is displayed in a table.

What is the purpose of Input Tax Credit claimed and due (Import of goods) report?

The Input Tax Credit claimed and due (Import of goods) report contains the details of ITC claimed in GSTR-3B and accrued as per GSTR-2B under different tax heads i.e. Integrated tax (IGST), Central tax (CGST), State/Union Territory tax (SGST/UTGST) and Cess (Cess).

The following tables are considered for the ITC claimed on import of goods:

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

How can I download my Input Tax Credit claimed and due (Import of goods) report?

To download the Input Tax Credit claimed and due (Import of goods) report, click the DOWNLOAD (CSV) button provided on the right side of the Input Tax Credit claimed and due (Import of goods) tab. The report will get downloaded in a CSV format.

How frequently is the Input Tax Credit claimed and due (Import of goods) report generated?

The Input Tax Credit claimed and due (Import of goods) is generated on near real time basis for a particular tax period, on basis of Form GSTR-2B and filing of Form GSTR-3B. The report generation time is also displayed on the top white band of the Input Tax Credit claimed and due (Import of goods) page.

Why are few values in the Input Tax credit claimed and due (Import of goods) highlighted in red?

For the tax periods for which the input tax credit claimed in GSTR-3B is more than the input tax credit due as per GSTR-2B, then those specific values under the different tax heads are highlighted in red.

From which tax periods, the details from GSTR-2A and from which tax periods details from GSTR-2B are considered?

In the reports no. 2 & 4 the details are computed from GSTR-2A from the tax periods July 2017 till June 2020

From July 2020, the details in reports no. 2 & 4 are computed from GSTR-2B and not from GSTR-2A

Report 5 is applicable only from the return period from which GSTR-2B is implemented and will not be available for FY 2017-18, 2018-19 and 2019-20

Note: The details of GSTR-2A will become static and will not change as GSTR-2B is implemented from July 2020. FAQs on Comparison of Liability Declared and ITC Claimed.