GST Compliance Report - March 2023 (FY - 2022-23)

INDOSPACE SKCL INDUSTRIAL PARK PRIVATE LIMITED

(33AACCI2578L1ZD)
Compliance Status
Return Type Period Filed on Time Not Filed Filed Late
GSTR-1 Apr - Mar - 12 -
GSTR-3B Apr - Mar - 12 -

Sales Overview
Description YTD (Apr - Mar) Mar 2023
Turnover 0 0
Tax Liability 0 0

ITC Overview
Description YTD (Apr - Mar) Mar 2023
Purchase/Expenses 0 0
Input tax credit 0 0

Validation Checks
Description Status

Comparison of Turnover reported in GSTR-1 and GSTR-3B. Issue

Outward liablility reported in GSTR-3B (Rs.42,975,788.64) is greater than Outward liablility
reported in GSTR-1 (Rs.0.00).
(Click here for more details).

Comparison of Input Tax Credit (GSTR-2B Vs GSTR-3B). Issue

ITC Amount claimed in GSTR-3B (Rs.4,190,401.20) is greater than ITC amount claimed in GSTR-2B
(Rs.0.00).
(Click here for more details).

Comparison of Exempt Turnover and Common Credit Reversal. Pass

Exempt turnover is compliant with common credit reversal.

Correctness of Tax Rates and Amounts declared in GSTR-1. Pass

Tax Rates and Amounts declared in GSTR-1 match.

Comparison of number of invoices declared in GSTR-1 to invoices present in GSTZen. Issue

Number of invoices declared in GSTR-1 is greater than the invoices present in GSTZen.

Payment of Taxes
Description Amount
 Description Amount
Total tax paid in cash so far (Apr - Mar) 3.9 Cr
Total tax paid using ITC so far (Apr - Mar) 35.9 Lac

Table of Contents
1. Compliance Status
Dates of Tax Returns Filed
Payment of Taxes

2. Report of Sales
Sales Reported in GSTR-1
Sales Reported in GSTR-3B

3. Report of Purchase and Input Tax Credit (ITC)

Auto-populated ITC Appearing in GSTR-2B
Ineligible ITC Appearing in GSTR-2B
Delayed Reporting of ITC by Suppliers
ITC Availed in GSTR-3B

4. Comparison reports
Comparion of Sales Reported in GSTR-1 and GSTR-3B
Comparison of ITC Available in GSTR-2B Versus GSTR-3B
Comparison of Reverse Charge Mechanism (RCM) Credit and Liability
 Dates of Tax Returns Filed
An important point of compliance is to file GST Returns on time before the due date. Filing late leads to interest and
late fee payments. A rupee saved is a rupee earned.

Filing Status of GSTR-3B

Each day delay in filing GSTR-3B could lead to late fee of upto Rs 100 per day.
Filing Period Due Date Filed Date Delay ARN
Apr-22 24-May-22 868 day(s)
May-22 20-Jun-22 841 day(s)
Jun-22 20-Jul-22 811 day(s)
Jul-22 20-Aug-22 780 day(s)
Aug-22 20-Sep-22 749 day(s)
Sep-22 20-Oct-22 719 day(s)
Oct-22 20-Nov-22 688 day(s)
Nov-22 20-Dec-22 658 day(s)
Dec-22 20-Jan-23 627 day(s)
Jan-23 20-Feb-23 596 day(s)
Feb-23 20-Mar-23 568 day(s)
Mar-23 20-Apr-23 537 day(s)

Filing Status of GSTR-1

File GSTR-1 on time so that your customers can receive Input Tax Credit (ITC) on time.
Filing Period Due Date Filed Date Delay ARN
Apr-22 11-May-22 881 day(s)
May-22 11-Jun-22 850 day(s)
Jun-22 11-Jul-22 820 day(s)
Jul-22 11-Aug-22 789 day(s)
Aug-22 11-Sep-22 758 day(s)
Sep-22 11-Oct-22 728 day(s)
Oct-22 11-Nov-22 697 day(s)
Nov-22 11-Dec-22 667 day(s)
Dec-22 11-Jan-23 636 day(s)
Jan-23 11-Feb-23 605 day(s)
Feb-23 11-Mar-23 577 day(s)
Mar-23 11-Apr-23 546 day(s)
 Payment of Taxes
While filing their GSTR-3B monthly return, taxpayers report their sale (liability) and purchase (credit), and pay taxes on
the difference. The taxes paid indicates your GST profit margin.

Summary of Tax Paid (Apr - Mar)

This table lists the total tax paid including Reverse Charge in the financial year and utlization of Input Tax Credit (ITC).
Type IGST CGST SGST Cess
Tax Paid in Cash (Including RCM) 0 1.9 Cr 2.1 Cr 0
Tax Paid using IGST (Including RCM) 0 16.5 Lac 0 0
Tax Paid using CGST (Including RCM) 0 966.8 K 0 0
Tax Paid using SGST (Including RCM) 0 0 966.8 K 0
Tax Paid using Cess (Including RCM) 0 0 0 0
Late Fee Paid in Cash 0 0 0 0
Interest Paid in Cash (Including RCM) 96 0 0 0
 Sales Reported in GSTR-3B
GSTR-3B is the main monthly return where taxpayer reports totals of sales and purchases and pays
taxes.

Total Turnover Reported in GSTR-3B

This table reports the full year turnover reported in GSTR-3B return. Make sure it matches with your Books of
accounts.

Description Taxable Amount IGST CGST SGST Cess

Taxable Sale within India 23.9 Cr 0 2.1 Cr 2.1 Cr 0
Zero-Rated or Exports 0 0 0 0 0
Exempt Sale 0 0 0 0 0
Non-GST Sale 0 0 0 0 0
Total 23.9 Cr 0 2.1 Cr 2.1 Cr 0

Taxable Turnover (By Month)

This table reports taxable sale reported in GSTR-3B month on month. Review the monthly figures and full-year total
and make sure it matches with your Books of accounts.

Month Taxable IGST CGST SGST Cess

Apr-22 1.9 Cr 0 16.8 Lac 16.8 Lac 0
May-22 1.9 Cr 0 16.9 Lac 16.9 Lac 0
Jun-22 1.9 Cr 0 17 Lac 17 Lac 0
Jul-22 1.9 Cr 0 17 Lac 17 Lac 0
Aug-22 1.9 Cr 0 17 Lac 17 Lac 0
Sep-22 1.9 Cr 0 17.1 Lac 17.1 Lac 0
Oct-22 1.9 Cr 0 17 Lac 17 Lac 0
Nov-22 1.9 Cr 0 17 Lac 17 Lac 0
Dec-22 1.9 Cr 0 16.9 Lac 16.9 Lac 0
Jan-23 1.9 Cr 0 17 Lac 17 Lac 0
Feb-23 1.9 Cr 0 17 Lac 17 Lac 0
Mar-23 3.2 Cr 0 28.4 Lac 28.4 Lac 0
Total 23.9 Cr 0 2.1 Cr 2.1 Cr 0
Non Taxable Turnover (By Month)
This table reports non-taxable sale (Exempt sale, Exports or SEZ Sale) reported in GSTR-3B month on month. Review
the monthly figures and full-year total and make sure it matches with your Books of accounts.

Month Exports/SEZ Exports/SEZ IGST Exports/SEZ Cess Exempt Non-GST

Apr-22 0 0 0 0 0
May-22 0 0 0 0 0
Jun-22 0 0 0 0 0
Jul-22 0 0 0 0 0
Aug-22 0 0 0 0 0
Sep-22 0 0 0 0 0
Oct-22 0 0 0 0 0
Nov-22 0 0 0 0 0
Dec-22 0 0 0 0 0
Jan-23 0 0 0 0 0
Feb-23 0 0 0 0 0
Mar-23 0 0 0 0 0
Total 0 0 0 0 0
 Sales Reported in GSTR-1
GSTR-1 is the return where the taxpayer reports details of their sales. B2B Transactions, Exports and Large B2C
Transactions (more than Rs 2.5 Lac per invoice) to others states are report invoice-wise. B2C Transactions are
reported in a summary level.

Taxable Turnover (By Month)

This table reports summary of B2B and B2C transactions on which tax is applicable. Review the monthly figures and
full-year total and make sure it matches with your Books of accounts.
Month Taxable IGST CGST SGST Cess
Apr-22 0 0 0 0 0
May-22 0 0 0 0 0
Jun-22 0 0 0 0 0
Jul-22 0 0 0 0 0
Aug-22 0 0 0 0 0
Sep-22 0 0 0 0 0
Oct-22 0 0 0 0 0
Nov-22 0 0 0 0 0
Dec-22 0 0 0 0 0
Jan-23 0 0 0 0 0
Feb-23 0 0 0 0 0
Mar-23 0 0 0 0 0
Total 0 0 0 0 0

Non Taxable Turnover (By Month)

This table reports summary of transaction on which no tax is appliable. Review the monthly figures and full-year total
and make sure it matches with your Books of accounts.
Zero-Rated
Month Zero-Rated IGST Zero-Rated Cess Exempt Non Gst
Turnover
Apr-22 0 0 0 0 0
May-22 0 0 0 0 0
Jun-22 0 0 0 0 0
Jul-22 0 0 0 0 0
Aug-22 0 0 0 0 0
Sep-22 0 0 0 0 0
Oct-22 0 0 0 0 0
Nov-22 0 0 0 0 0
Dec-22 0 0 0 0 0
Jan-23 0 0 0 0 0
Feb-23 0 0 0 0 0
Mar-23 0 0 0 0 0
Total 0 0 0 0 0
Top 10 Customers For The Year
Know your top customers and understand what fraction of revenue comes from them.

GSTIN Name Turnover Percentage

No Customers found.
 Auto-populated ITC Appearing in GSTR-2B
Sales reported by your suppliers in their GSTR-1 shows up automatically in your GSTR-2B Returns.

Input Tax Credit (By Month)

Review the monthly figures and make sure it matches with your actual purchases.
The Below values are based on the GSTR 2B Invoice date.
Month Taxable IGST CGST SGST Cess
Apr-22 0 0 0 0 0
May-22 0 0 0 0 0
Jun-22 0 0 0 0 0
Jul-22 0 0 0 0 0
Aug-22 0 0 0 0 0
Sep-22 0 0 0 0 0
Oct-22 0 0 0 0 0
Nov-22 0 0 0 0 0
Dec-22 0 0 0 0 0
Jan-23 0 0 0 0 0
Feb-23 0 0 0 0 0
Mar-23 0 0 0 0 0

Top 10 Suppliers for the Year

This table lists your top Suppliers for this year. Review the percentage share of purchase from your top suppliers.
Gstin Name Taxable Taxes Percentage
No Suppliers found.
 Ineligible ITC Appearing in GSTR-2B
Credit appearing in GSTR-2A/B is blocked if the Place of Supply of the Invoice does not match your
(Customer) state code. Credit is also blocked if the seller reports an invoice After 30th of November of
the subsequent year(Ref Sec 16(4)).

Ineligible ITC Because of Different Place of Supply

Know about the credit blocked because the place of supply of invoices different from your own state code. This could
be because of the transaction genuinely has a different place of supply or because the seller made a mistake.
The Below values are based on the GSTR 2B Invoice date.

Place Of
GSTIN Name Taxable IGST CGST SGST Cess
Supply
No Invoices found with a different place of supply.
 Delayed Reporting of ITC by Suppliers
If your supplier files their returns late or reports your invoices late, your credit gets blocked. Find out
your top suppliers who file late and inform them to file on time.

Top Suppliers (By Amount) Reporting/Filing Invoices Late

This table shows your top late-filing suppliers by amount.

Gstin Name Taxable Taxes

All your suppliers have reported ITC on time!

Top Suppliers (By Delay) Reporting/Filing Invoices Late

This table shows your top late-filing suppliers by number of days.
Filing
GSTIN Name Month Delay Taxable Taxes
Period
All your suppliers have reported ITC on time!
 ITC Availed in GSTR-3B
GSTR-3B is the monthly return where you report the Input Tax Credit (ITC) that you are claiming and pay taxes.

ITC Reported for the Financial Year

This table shows the ITC claimed for the full financial year.
Name IGST CGST SGST Cess
4(A) 1 Import of Goods 0 0 0 0
4(A) 2 Import of Services 0 0 0 0
4(A) 3 Inward supplies liable to reverse charge 0 0 0 0
4(A) 5 All other ITC 22.5 Lac 970 K 970 K 0
4(B) 1 ITC Reversed - As per rules 38, 42 and 43 of CGST 4K 0 0 0
Rules and section 17(5)
4(B) 2 ITC Reversed - Others 593.4 K 3.2 K 3.2 K 0
4(C) Net ITC Available 16.5 Lac 966.8 K 966.8 K 0
4(D) 1 ITC reclaimed which was reversed under Table 4(B)(2) 0 0 0 0
in earlier tax period
4(D) 2 Ineligible ITC under section 16(4) & ITC restricted due 0 0 0 0
to PoS rules

ITC Reported for the month of Mar

This table shows the ITC claimed in the current month.
Name IGST CGST SGST Cess
4(A) 1 Import of Goods 0 0 0 0
4(A) 2 Import of Services 0 0 0 0
4(A) 3 Inward supplies liable to reverse charge 0 0 0 0
4(A) 5 All other ITC 1.3 K 0 0 0
4(B) 1 As per rules 38,42 & 43 of CGST Rules and section 0 0 0 0
17(5)
4(B) 2 ITC Reversed - Others 0 0 0 0
4(C) Net ITC Available 1.3 K 0 0 0
4(D) 1 ITC reclaimed which was reversed under Table 4(B)(2) 0 0 0 0
in earlier tax period
4(D) 2 Ineligible ITC under section 16(4) & ITC restricted due 0 0 0 0
to PoS rules
 Comparion of Sales Reported in GSTR-1 and GSTR-3B
The taxpayer should report detailed sales in GSTR-1 and make payment for the same in GSTR-3B. If sale reported in
GSTR-1 is more than GSTR-3B, it could mean that the taxpayer has not paid taxes and has the risk of notice from tax
authority. If salee reported in GSTR-1 is less than GSTR-3B, it usually means error in filing one of the returns.

Comparison of Taxable Turnover (By Month)

Taxpayers should ensure that they have reported taxable turnover correctly and have paid taxes for the same.
Month Type Taxable IGST CGST SGST Cess
GSTR-1 0 0 0 0 0
Apr-22 GSTR-3B 1.9 Cr 0 16.8 Lac 16.8 Lac 0
Diff. -1.9 Cr 0 -16.8 Lac -16.8 Lac 0
GSTR-1 0 0 0 0 0
May-22 GSTR-3B 1.9 Cr 0 16.9 Lac 16.9 Lac 0
Diff. -1.9 Cr 0 -16.9 Lac -16.9 Lac 0
GSTR-1 0 0 0 0 0
Jun-22 GSTR-3B 1.9 Cr 0 17 Lac 17 Lac 0
Diff. -1.9 Cr 0 -17 Lac -17 Lac 0
GSTR-1 0 0 0 0 0
Jul-22 GSTR-3B 1.9 Cr 0 17 Lac 17 Lac 0
Diff. -1.9 Cr 0 -17 Lac -17 Lac 0
GSTR-1 0 0 0 0 0
Aug-22 GSTR-3B 1.9 Cr 0 17 Lac 17 Lac 0
Diff. -1.9 Cr 0 -17 Lac -17 Lac 0
GSTR-1 0 0 0 0 0
Sep-22 GSTR-3B 1.9 Cr 0 17.1 Lac 17.1 Lac 0
Diff. -1.9 Cr 0 -17.1 Lac -17.1 Lac 0
GSTR-1 0 0 0 0 0
Oct-22 GSTR-3B 1.9 Cr 0 17 Lac 17 Lac 0
Diff. -1.9 Cr 0 -17 Lac -17 Lac 0
GSTR-1 0 0 0 0 0
Nov-22 GSTR-3B 1.9 Cr 0 17 Lac 17 Lac 0
Diff. -1.9 Cr 0 -17 Lac -17 Lac 0
GSTR-1 0 0 0 0 0
Dec-22 GSTR-3B 1.9 Cr 0 16.9 Lac 16.9 Lac 0
Diff. -1.9 Cr 0 -16.9 Lac -16.9 Lac 0
GSTR-1 0 0 0 0 0
Jan-23 GSTR-3B 1.9 Cr 0 17 Lac 17 Lac 0
Diff. -1.9 Cr 0 -17 Lac -17 Lac 0
GSTR-1 0 0 0 0 0
Feb-23 GSTR-3B 1.9 Cr 0 17 Lac 17 Lac 0
Diff. -1.9 Cr 0 -17 Lac -17 Lac 0
GSTR-1 0 0 0 0 0
Mar-23 GSTR-3B 3.2 Cr 0 28.4 Lac 28.4 Lac 0
Diff. -3.2 Cr 0 -28.4 Lac -28.4 Lac 0
GSTR-1 0 0 0 0 0
Total GSTR-3B 23.9 Cr 0 2.1 Cr 2.1 Cr 0
Diff. -23.9 Cr 0 -2.1 Cr -2.1 Cr 0
Comparison of Non Taxable Turnover (By Month)
It is important to ensure that non-taxable turnover such as exports match correctly. Otherwise, it could lead to
difficultly in claiming refunds.
Zero Rated Zero Rated Zero Rated Exempt
Month Type Non Gst
Turnover IGST Cess Turnover
GSTR-1 0 0 0 0 0
Apr-22 GSTR-3B 0 0 0 0 0
Diff. 0 0 0 0 0
GSTR-1 0 0 0 0 0
May-22 GSTR-3B 0 0 0 0 0
Diff. 0 0 0 0 0
GSTR-1 0 0 0 0 0
Jun-22 GSTR-3B 0 0 0 0 0
Diff. 0 0 0 0 0
GSTR-1 0 0 0 0 0
Jul-22 GSTR-3B 0 0 0 0 0
Diff. 0 0 0 0 0
GSTR-1 0 0 0 0 0
Aug-22 GSTR-3B 0 0 0 0 0
Diff. 0 0 0 0 0
GSTR-1 0 0 0 0 0
Sep-22 GSTR-3B 0 0 0 0 0
Diff. 0 0 0 0 0
GSTR-1 0 0 0 0 0
Oct-22 GSTR-3B 0 0 0 0 0
Diff. 0 0 0 0 0
GSTR-1 0 0 0 0 0
Nov-22 GSTR-3B 0 0 0 0 0
Diff. 0 0 0 0 0
GSTR-1 0 0 0 0 0
Dec-22 GSTR-3B 0 0 0 0 0
Diff. 0 0 0 0 0
GSTR-1 0 0 0 0 0
Jan-23 GSTR-3B 0 0 0 0 0
Diff. 0 0 0 0 0
GSTR-1 0 0 0 0 0
Feb-23 GSTR-3B 0 0 0 0 0
Diff. 0 0 0 0 0
GSTR-1 0 0 0 0 0
Mar-23 GSTR-3B 0 0 0 0 0
Diff. 0 0 0 0 0
GSTR-1 0 0 0 0 0
Total GSTR-3B 0 0 0 0 0
Diff. 0 0 0 0 0
Comparison of GSTR-1 and GSTR-3B (Full Year)
This table compares sales reported in GSTR-1 and GSTR-3B for the full year. Ensure that the difference amounts are
all Zero.

GSTR-1 GSTR-3B Difference

Taxable Value 0 23.9 Cr -23.9 Cr
IGST 0 0 0
CGST 0 2.1 Cr -2.1 Cr
SGST 0 2.1 Cr -2.1 Cr
Cess 0 0 0
Zero Rated Taxable Value 0 0 0
Zero Rated IGST 0 0 0
Zero Rated Cess 0 0 0
Exempt Turnover 0 0 0
Non GST 0 0 0
 Comparison of Reverse Charge Mechanism (RCM) Credit and Liability
In regular sale transactions, the customer pays taxes to the seller and the seller pays it to the Government. In Reverse
Charge Mechanism (RCM), the customer pays taxes directly to the government and then avails the Input Tax Credit.
The RCM input availed has to be lesser than RCM tax paid.

Comparison of RCM Credit and Liability

Month Type IGST CGST SGST Cess
ITC 0 0 0 0
Apr-22 Liability 0 0 0 0
Diff. 0 0 0 0
ITC 0 0 0 0
May-22 Liability 0 0 0 0
Diff. 0 0 0 0
ITC 0 0 0 0
Jun-22 Liability 0 0 0 0
Diff. 0 0 0 0
ITC 0 0 0 0
Jul-22 Liability 0 0 0 0
Diff. 0 0 0 0
ITC 0 0 0 0
Aug-22 Liability 0 0 0 0
Diff. 0 0 0 0
ITC 0 0 0 0
Sep-22 Liability 0 0 0 0
Diff. 0 0 0 0
ITC 0 0 0 0
Oct-22 Liability 0 0 0 0
Diff. 0 0 0 0
ITC 0 0 0 0
Nov-22 Liability 0 0 0 0
Diff. 0 0 0 0
ITC 0 0 0 0
Dec-22 Liability 0 0 0 0
Diff. 0 0 0 0
ITC 0 0 0 0
Jan-23 Liability 0 0 0 0
Diff. 0 0 0 0
ITC 0 0 0 0
Feb-23 Liability 0 0 0 0
Diff. 0 0 0 0
ITC 0 0 0 0
Mar-23 Liability 0 0 0 0
Diff. 0 0 0 0