The GST Tax liabilities and ITC Comparison report is the comparison of liability declared and ITC claimed by the Taxpayer. The Tax Liabilities and ITC Comparison option under the Returns tab enables you to View month-wise Tax liability declared in Form GSTR-3B and Form GSTR-1, and Compare ITC claimed in Form GSTR-3B and ITC accrued as per Form GSTR-2A/GSTR-2B.
GSTR-3B is used to enter the summary output and input tax credit (ITC) details so that the net tax liability can be calculated and paid. Before filing GSTR-3B, it is important to check Form GSTR-2A since it shows us the details of the invoices uploaded by our supplier. It also allows a taxpayer to ensure that the ITC claims on invoices not appearing in GSTR-2A be capped at 10% of ITC in GSTR-2A only.
Step 1: Log in to the GST portal using your credentials. Click on ‘Returns Dashboard’ OR Go to Services > Returns > Returns Dashboard.
Step 3: Choose the financial year and return filing period from the drop-down list. To compare the GSTR-3B with GSTR-2A, click on the ‘View’ button under the ‘Comparison of liability declared and ITC claimed’ tile.
Step 4: 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.
Step 5: The Credit and Liability Statement page is displayed.
The data is compared between two returns Tax liability as declared in GSTR-1 and GSTR-3B; and ITC claimed in GSTR-3B and ITC available as per GSTR-2A.
Step 6: Choose reports to further sort the data compared. Click on the following buttons to access these reports.
The table compares tax liability between GSTR-3B and GSTR-1 for outward supplies. The data excludes zero-rated supplies (i.e., exports and SEZ supplies) and inward supplies liable to reverse charge.
The table compares tax liability between GSTR-3B and GSTR-1 for inward supplies liable to reverse charge by comparing the tables.
The table compares the liability between GSTR-3B and GSTR-1 on the zero-rated (i.e., exports and SEZ supplies) outward supplies.
This table can be used by taxpayers to compare the ITC to be taken in GSTR-3B with data submitted by their suppliers in their respective GSTR-1. It shall also include a comparison with data declared by their respective ISD distributors in their GSTR-6.
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