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Reconciliation of outward and inward supplies

Reconciliation of outward and inward supplies :

Taxpayers will have the option to do reconciliation of inward supplies with counter-party taxpayers (suppliers) during the period of 7 days from filing of GSTR-1 with their counter-party taxpayers for any missing supply invoices in theGSTR-1 of the counter-party taxpayers, and prompt them to accept the same as uploaded by the purchasing taxpayer. Where a purchasing taxpayer has added an invoice and the corresponding supplying taxpayer accepts the addition, it will amend his GSTR-1 accordingly.

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