This way you avoid fines and save time thanks to comfort and efficiency.
By reconciling GSTR 2B, you know you’re making accurate GST payments in the GST portal at the right time. If you pay too much or too little, you will have problems later because in both cases adjustments have to be made. When making a GST payment, you must ensure that you pay the correct amount due. Also, you may not have considered the vendor’s debit or credit memos, which can lead to a discrepancy during reconciliation. This difference in billing cycle can make a world of difference when invoices are uploaded and your purchase is posted. This can happen when the reporting period for invoices is generally different for your supplier and for you, the buyer. That is, your suppliers may have uploaded invoices, but you cannot find them in your purchase record.
Invoices may be missing from the general ledgers even though they are present in the GST portal on form GSTR-2B. Processor: Intel Pentium IV 1.70 GHz processor, equivalent or higherĬheck Invoices Not Posted to General Ledgers.