The result is a full year of reconciliation across multiple branches completed in under 60 seconds.
| Columns | Description | |---------|-------------| | GSTIN of Supplier | | | Invoice No. | | | Invoice Date | | | Taxable Value | | | CGST Claimed | | | SGST Claimed | | | IGST Claimed | | | Total ITC Claimed | | | Month | |
The key to successful reconciliation is consistency — performing it monthly, maintaining clear documentation, and proactively communicating with suppliers. With the availability of free downloadable Excel templates and automated tools, there is no reason to delay or avoid this essential compliance task.
Use conditional formatting in Excel to highlight variance rows in red. Filter out these specific vendors and send automated email templates to push them to upload their missing invoices. If you need help expanding this setup, let me know:
The Goods and Services Tax Network (GSTN) tracks mismatches between auto-populated credits and claimed credits, triggering automated demand notices for discrepancies.