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It helps in identifying Supplier Wise Reconciliation & Invoice Wise Reconciliation
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It helps to mark invoices as pending for ITC to next month
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It helps to claim partial ITC of the total invoice value
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It gives report like Excess of 3B over 2B/2A and Books
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Send Auto 2A/2B Reco summary mails to suppliers/clients
The Best GSTR 2A and 2B Reconciliation Online Software to Claim Maximum & Accurate ITC - Express GST
When it comes to GSTR2A/2B reconciliation and maximization of actual ITC, none can beat the Express GST as it calculates the accurate maximum ITC eligible and also assists in tracking the ITC claimed and this is what makes it the best online GSTR 2A and 2B reconciliation software.
What is 2A/2B Reconciliation?
View summary of your client's / organization's Supplier wise reconciliation
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It is the Reconciliation for the ITC as Per Books and the ITC as per Auto-Drafted summary.
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The term "input credit" refers to the ability to deduct the tax you have previously paid on inputs when filing your output tax return and pay the remaining balance.
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So naturally, it is at the interest of the tax payer to find out the maximum possible accurate ITC which he can avail so that his output tax liability is minimum.
How Express GST Helps in Maximizing the ITC?
KDK ExpressGST is the best matching tool with logic that if any invoice is left out or even if there is 90% matching of invoice number in your books with your invoice as per portal 2B draft summary, the software will classify it under partial / Matched status.
In express GST, Matching of Invoices is categorized into 4 types of statuses as explained below:-
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Matched: Invoices which were found in books as well as on portal and the amount is matched.
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Partially matched: Invoices were found in books as well as on portal but there is a difference in the amount.
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In 2B only: Invoices are found on portal in 2B only.
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In Books Only: Invoices are found in books only, no corresponding invoices found on portal.
By this categorization each and every invoice goes through sort and filter process and the chances of losing or missing on any particular invoice is almost negligible, which enhances your ITC to maximum.
In Express GST We have 3 Types of Reconciliation View:
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Supplier Wise: This type of reconciliation is useful when you want to check the supplier wise difference in tax or taxable value.
It is done by sorting Invoices by supplier's name and checking if the invoices of particular supplier present in 2A/2B are also present in books or not.
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Invoice Wise: Here we have to view invoice wise data reconciliation as per books and as per 2B.
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Month Wise: In this type, the user gets the reconciliation done month wise.
This type of rigorous and extensive use of logic makes it possible to check how user can maximize the ITC.
This reconciliation tool is effortless to use. GST portal data gets synced by its own and user has only to Import the books in excel format.
One can import the books monthly or annually, the software will run the reconciliation annually and hence missing of any eligible ITC within 12 months is next to impossible.
For corporate users the software has one additional tool for ITC tracking, which reconciles all your ITC and even keeps the track record of any ITC not claimed or pushed to be taken in subsequent month.
This unique feature makes ExpressGST the first choice for CAs, Tax practitioners and corporates.
The Best GSTR 2A Reconciliation Online Software in India
Since it's launch Express GST has been proved to be the best GSTR 2A reconciliation software in India. What makes it even better is you can perform reconciliation online anytime anywhere on the go.
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ITC is used to prevent tax cascading. In plain English, "tax on tax" is what is meant by cascading taxes.
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So it is the important aspect in GST to avoid paying those taxes which are already paid and to avail the maximum possible ITC to avoid paying extra taxes.
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This hardship of "working out" the ITC available is very technical and cumbersome exercise for CAs and tax practitioners because they have huge client database.
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It is the usual practice to download auto-drafted 2A excel from GST portal and Prepare books Data and then apply excel formulas like V-lookup and calculate the ITC available. Then Saving and maintaining these many excel reconciliations of all clients is again a cumbersome job.
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So after tapping this pain point, Express GST worked upon to develop the best reconciliation tool which requires almost no manual intervention.
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The reconciliation tools only require your books data to be imported and your portal data gets synced automatically. In 2 Simple Steps, all your ITC availability gets worked out within few minutes.
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This quick, easy and fast reconciliation method impressed our users which made Express GST the best in the industry for GSTR 2A reconciliation Online in India.
By this categorization each and every invoice goes through sort and filter process and the chances of losing or missing on any particular invoice is almost negligible, which enhances your ITC to maximum.
A Preferred GSTR 2B Reconciliation
Online Software for CAs, Tax Practitioners, & Corporates
The usability, online access, and advanced features make Express GST
a preferred GSTR 2B reconciliation online software choice among CAs, tax practitioners, & corporates.
Due to the GST law complexity and multiple compliances it is difficult to find professional personnel with the most recent GST subject knowledge and training.
In such a scenario, Express GST proves to be the best friend by not increasing the operation cost but sharing the workload.
The "anywhere", "anytime" concept makes Express GST the easiest yet accurate GSTR 2A/2B reconciliation tool. It has made ExpressGST software the preferred choice among the Taxation and accounting professionals.
How 2A/2B Reco Tool can help me (USPs)?
2A/2B Reco Tool offers a wide range of features
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Smart Annual Reconciliation.
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Intelligent mechanism to identify Matches and Mis-matches.
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Consolidate view to figure out Supplier-wise Matches and Mis-matches.
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Matching amended invoices with original ones to eliminate any duplicacy in Invoice.
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Send emails to your clients - Supplier Wise and Invoice Wise Reco, so that they are well aware of any conflicts between their Books and 2A/2B data.
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Import data in bulk and reconcile with 2A/2B data in no time.
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One-click company creation.
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2A/2B Wise Books and Wise Data viewer.
2A/2B Reco Tool By Express GST Is Loaded with Features
to Help you complete your 2A/2B Reconciliation in 5 Minutes
Superfast Reco Engine with efficient queries brings most accurate 2A/2B Reco results
Data Import
2A/2B By Express GST is fast as it takes just few minutes to complete your reconciliation. All types of excel templates are supported to import Purchase Register data immaterial of extension, column placement and data format:
Various formats supported are:
Choose & Change base period to Reconcile
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Make Books Period as base Or
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Make 2A/2B Period as base Or
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Make 2B Period as base
Your Reconciliation data is ready to view with inbuilt Intelligent mechanism
Consolidate/Aggregate view
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The 2A/2B Reco by Express GST comes with aggregation feature and the invoice items are aggregated on the basis of Supplier GSTIN and Invoice No. and it errors out mismatches like B2C transactions, tax Value etc.
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View data by 2A/2B Period or by Books Period as per your convenience.
View amended invoices
It Automatic replaces Regular Invoices with Amendment invoices. With 2A/2B Reco Tool by Express GST, amended Supplier invoices are automatically taken care and system run reconciliation on latest invoice(s).
Side by Side view (with No horizontal scroll)
Side by side view of 2A/2B vs Books record for better readability and to easily locate the record.
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Matched - View Matched Invoices supplier wise
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Mis-matched – View Mismatched Invoices
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Only in 2A/2B – View Data which is not in books but in 2A
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Only in Books – View Data which is not in 2A/2B but in Books
Tolerance Level to ignore and match records within the set limit for Taxable Value and focus on real differences.
Supplier Wise Reco Summary
View summary of your client's / organization's Supplier wise reconciliation
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Get Period wise count of records with different status for each supplier.
Invoice Wise Reco Summary
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View summary of your client's / organization's Invoice wise reconciliation
Identify GST defaulting suppliers and reduce your losses due to not claimed ITC - Claim Accurate Input Tax Credit
Search Sort Filter
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Options similar to Excel in multiple fields
Multi-Period Selection for 2A/2B Reco
2A/2B Express is not limited to Month wise reconciliation, but it also allows user to do 2A/2B reconciliation by selecting multiple months or Quarter or Annual 2A/2B Reconciliation.
Try 2A/2B Tool for Free
90% Time is saved, if compared with other tools. Gives You 99% Accuracy
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2A/2B Express TDS is super-fast and comes with features loaded so that user is able to perform 2A/2B Reco quick and gets a qualitative output to help him to claim maximum ITC. It will auto consider Amended invoice in place of original invoice, thus chance of duplicity is avoided
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Software uses a smart Annual Reconciliation technique to identify and pick invoices and match them across the Financial Year
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The Intelligent mechanism to identify probable matches
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Reconciliation that is not just limited to GSTIN Number and Invoice Number but beyond this with Advance logics
Reporting & Email in Excel
Get and send Reconciliation reports to your clients via emails. The reports available in 2A/2B by Express GST are:
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Supplier Wise Mismatch Reports
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Invoice Wise Mismatch Reports
Send an email to your clients in detail as an excel attachment
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Supplier Wise Reconciliation
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Invoice Wise Reconciliation
You can also take the output of reconciled data in excel to share further.
Try 2A/2B Tool for Free
Intuitive Interface and User-friendly
2A/2B Reco Tool is user-friendly with efficient user interface. 2A/2B Reco Tool offers such an interface that is useful, user-friendly, meaningful, capable of solving the discrepancy issues, and business needs without getting lost and confused while working on different aspects of 2A/2B Reco.
2A/2B Dashboard
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All clients created in Client Master appears here
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Single click client creation: Profile data gets auto-populated for the clients in no time
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Deactivate your clients if you are no longer in business with them
2A/2B Reco is on Cloud
2A/2B Reco by Express GST comes on cloud thus giving you additional benefit
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Increases Flexibility - Work Anytime Anywhere on any device:
One of the prime benefits of using the cloud based 2A/2B Reco Tool software is that it saves your time through seamless collaboration.
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Lower TCO (Total Cost of Ownership)
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Better Collaboration with Different Stakeholders
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Secure Data Storage
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Doesn't Require A Firewall
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Increases Flexibility
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Auto Update and Auto Backup for Better Performance No Installation required on Your Desktop/Laptop
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No need to store data on your Desktop / Laptop