How to Check Purchase Bills on Gst Portal help you report the tax you’ve collected, while this help you claim any credits for taxes paid on business expenses.
In today’s fast-paced business world, tracking your purchase bills is crucial for maintaining proper financial records, especially for businesses registered under the Goods and Services Tax (GST) in India. Whether you are a small business owner, a manager, or someone handling accounts, knowing how to check your purchase bills on the GST portal can save you a lot of time and effort.
This guide will walk you through the process of checking purchase bills on the GST portal with easy-to-follow steps. By the end of this blog, you’ll be able to confidently access your purchase bills and maintain accurate records for your business. Let’s get started!
Why Check Purchase Bills on Gst Portal Matters
Before diving into the details of how to check purchase bills, it’s essential to understand why it’s important.
Ensuring Tax Compliance: For businesses registered under GST, keeping track of purchase bills ensures that the correct Input Tax Credit (ITC) is claimed.
Accurate Financial Records: Accurate records help in filing returns on time and can be crucial during audits.
Avoiding Tax Liabilities: Incorrect or missing purchase data can lead to discrepancies and potential fines.
Now that we know the importance of checking purchase bills, let’s see how you can do it on the GST portal.
Step 1: Login to the GST Portal
The first thing you need to do is visit the official GST portal. Here’s how:
Open your browser and go to the GST portal www.gst.gov.in.
On the homepage, click on the “Login” button located at the top-right corner.
Enter your GSTIN (GST Identification Number) and password to access your account.
You may need to enter a Captcha to verify that you are not a robot.
Once logged in, you’ll be directed to the Dashboard.
Step 2: Navigate to the Purchase Section
Now that you’re inside your GST account, follow these steps:
On the dashboard, look for the “Returns” section.
Under the “Returns” section, you will find options like GSTR-1, GSTR-2, and GSTR-3B.
Here, you’ll focus on GSTR-2A because it is where all your purchase-related details are automatically uploaded by your suppliers.
GSTR-2A is a reflection of the purchases made by your business. It includes all the details about the input tax credit you are eligible for.
Step 3: Check Your Purchase Bills on GSTR-2A
Once you are on the GSTR-2A page, here’s what you should do:
Select the relevant tax period: Choose the period for which you want to check the purchase bills (e.g., last month, quarter, etc.).
View purchase details: Scroll down and you will see a list of all the purchase transactions made by you. The list will include details like:
Supplier name
GSTIN of the supplier
Invoice number
Purchase amount
Input tax credit (ITC) available
This is where you’ll find the purchase bills that have been uploaded by your suppliers. If any purchases are missing or incorrect, it’s crucial to follow up with the respective supplier.
Step 4: Verify the Details of Your Purchase Bills
Once you’ve accessed your purchase bills, it’s time to verify them. Here are a few things to look out for:
Check Supplier Information: Ensure that the supplier’s details, including the GSTIN and name, are correct. This is crucial because mismatched details can lead to issues while claiming Input Tax Credit.
Invoice Number: Make sure the invoice number is correctly mentioned. If there’s any discrepancy here, it could affect your eligibility for ITC.
Tax Amount: Verify the tax amounts for the correct calculation of Input Tax Credit.
If everything looks correct, you can proceed to use these details for your GST returns filing. If you spot any errors or missing invoices, reach out to your supplier to get the issue resolved.
Step 5: Reconcile Your Purchase Bills with GSTR-2A
Reconciliation is the process of matching your purchase bills with the information shown in GSTR-2A. Here’s how you can do it:
Compare Your Purchase Bills: Cross-check your manual records or invoices with the data available on the GST portal. Look for any discrepancies in amounts or missing entries.
Rectify Errors: If you find any issues, it’s essential to follow up with your suppliers to correct the mistakes. Sometimes, the supplier may not have uploaded the details, or there might be a delay.
By reconciling your purchase bills, you ensure that your GST returns are filed correctly, and you are able to claim the maximum Input Tax Credit.
Step 6: Download Purchase Bills for Future Reference
Once you have verified the purchase bills, you may want to download them for future reference or record-keeping. The GST portal allows you to download GSTR-2A in PDF or Excel format. Here’s how to do it:
On the GSTR-2A page, look for the “Download” option.
Select the format you prefer (PDF or Excel).
Save the file to your computer or cloud storage for easy access later.
By keeping a copy of these documents, you ensure that you have all the required information on hand for audits or future filings.
Troubleshooting: Common Issues When Check Purchase Bills on Gst Portal
Sometimes, you may face issues while trying to check your purchase bills on the GST portal. Here are some common problems and their solutions:
1. Missing Purchases
If you notice that some purchase bills are missing from GSTR-2A, the issue might lie with the supplier not uploading the data correctly. In this case, you should:
Contact the supplier and ask them to upload the purchase details.
You can also file a complaint with the GST helpdesk if the issue persists.
2. Mismatched Invoice Details
If the invoice details in GSTR-2A don’t match your actual purchase invoices, it could be a data error. To resolve this:
Verify the invoice details with the supplier.
Follow up to ensure the supplier corrects any mistakes on their end.
3. ITC Issues
If you are unable to claim Input Tax Credit, it might be due to missing or incorrect data in GSTR-2A. Always check that all purchase invoices are uploaded by your supplier and that there are no discrepancies.
Conclusion: Check Purchase Bills on Gst Portal
Checking your purchase bills on the GST portal is a vital process for businesses to ensure tax compliance and accurate record-keeping. By following the steps outlined above, you can easily access, verify, and reconcile your purchase bills. This ensures that you claim the correct Input Tax Credit and maintain error-free GST returns.
Remember, regularly checking your purchase bills on the GST portal can save you from future complications, audits, and unnecessary tax liabilities. It’s a simple yet powerful way to stay on top of your business finances and keep your operations smooth and hassle-free.
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