Fully Matched
The invoice in FACT corresponds with the supplier-reported GST data.
GSTR-2A and GSTR-2B Reconciliation
Match Every Purchase. Claim the Right ITC.
Automatically compare purchase transactions in FACT ERP.NG with supplier-reported invoices in GSTR-2A and GSTR-2B. Find missing invoices, value differences, and tax mismatches before they affect your Input Tax Credit.
Know What Matches—and What Does Not
Manually checking hundreds or thousands of purchase invoices against GST records is slow and prone to error. FACT ERP.NG brings your books and GST data together, then clearly separates matched transactions from those requiring attention.
- Import GSTR-2A and GSTR-2B data
- Match GST records with purchase invoices in FACT
- Identify missing or unmatched invoices
- Detect differences in taxable value and GST amounts
- Find duplicate or incorrectly reported transactions
- Review supplier-wise discrepancies
- Track invoices requiring supplier follow-up
- Support more accurate ITC claims
Reconciliation Without the Spreadsheet Chase
Reconciliation Workflow
Record Your Purchases
Purchase invoices entered in FACT ERP.NG become the basis for reconciliation.
Import GST Data
Bring your GSTR-2A or GSTR-2B data into FACT for the relevant return period.
Match Transactions
FACT compares invoices using details such as GSTIN, invoice number, invoice date, taxable value and tax amount.
Review Exceptions
See which invoices match and which contain missing information or differences requiring investigation.
Resolve Before Filing
Follow up with suppliers and correct your records before finalising your eligible Input Tax Credit.
Every Invoice Clearly Classified
Available on GST Portal Only
The supplier has reported an invoice that is not found in your purchase records.
Available in FACT Only
The purchase is recorded in your books but has not appeared in the relevant GST statement.
Partially Matched
The invoice exists in both places, but information such as the date, taxable value or tax amount differs.
Possible Duplicate
More than one transaction may correspond with the same invoice.
Protect Your Input Tax Credit
GSTR-2B is the GST Portal’s auto-drafted ITC statement and should be used to determine the appropriate Input Tax Credit for a tax period. GSTR-2A remains a dynamic, read-only statement that changes as suppliers upload or amend their invoices.
FACT ERP.NG helps you compare both statements with your purchase records, giving your finance team greater visibility before ITC is claimed.
Built for Finance Teams That Need Answers
Reduce Manual Checking
Automatically compare transaction data instead of reviewing invoices line by line in spreadsheets.
Find Missing Supplier Uploads
Quickly identify purchases that have not appeared in your GST records.
Catch Differences Early
Spot incorrect GSTINs, invoice numbers, dates, taxable values and tax amounts.
Improve Supplier Follow-Up
Use clear exception reports to contact the right suppliers about missing or incorrect invoices.
Maintain a Clear Audit Trail
Keep purchase transactions, GST information and reconciliation results connected within one ERP system.
Claim ITC With Greater Confidence
Use reconciled data to support accurate and eligible Input Tax Credit claims.
From Summary to Source Transaction
Start with the complete reconciliation picture, filter by supplier or discrepancy type, and drill down to the underlying purchase transaction in FACT ERP.NG.
- Total purchase invoices reviewed
- Matched and unmatched transactions
- Differences in taxable value and tax
- ITC reflected in GSTR-2B
- Invoices awaiting supplier action
- Exceptions requiring internal correction
FAQ
Frequently Asked Questions
What is GSTR-2A?
GSTR-2A is a system-generated, read-only statement of inward supplies. It is dynamic, meaning its information can change when suppliers upload or amend their GST returns.
What is GSTR-2B?
GSTR-2B is an auto-drafted Input Tax Credit statement generated for a specific tax period. Unlike GSTR-2A, it is generally static for that period and is intended to help taxpayers determine eligible ITC.
What happened to GSTR-2?
GSTR-2 was originally designed as a return for reporting inward supplies, but its filing was suspended. Businesses now commonly reconcile their purchase records with GSTR-2A and GSTR-2B.
What is GST purchase reconciliation?
GST purchase reconciliation compares invoices recorded in a business’s purchase register with invoices reported by suppliers through the GST system. It helps identify missing, incorrect or mismatched transactions.
Why should businesses reconcile GSTR-2B?
Reconciliation helps businesses confirm that the ITC they intend to claim is supported by supplier-reported invoice data and their own purchase records.
What details does FACT compare?
FACT can compare information such as the supplier GSTIN, invoice number, invoice date, taxable value and CGST, SGST, IGST or cess amounts.
Can FACT identify invoices missing from GSTR-2A or GSTR-2B?
Yes. FACT can highlight purchase invoices recorded in the ERP that do not appear in the imported GST statement, helping your team follow up with the relevant supplier.
Can I view discrepancies supplier by supplier?
Yes. Reconciliation results can be reviewed supplier-wise, making it easier to identify repeated issues and prioritise follow-ups.
Does reconciliation automatically determine whether every ITC claim is legally eligible?
No. Reconciliation helps identify whether invoices match the available GST data. ITC eligibility can also depend on statutory conditions and the individual transaction, which should be reviewed by your tax or accounting team.
READY TO SEE FACT IN ACTION?
Close the Gap Between Your Books and GST Data
Reconcile purchases, resolve discrepancies and prepare accurate ITC claims—all within FACT ERP.NG.
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