What is a GST Reconciliation Tool?

A GST Reconciliation Tool compares your bank receipts with the GST turnover declared in your returns. It helps identify mismatches and justifies any differences, ensuring compliance and accuracy.

Is this GST reconciliation tool free to use?

Yes, the tool is completely free to use. No login, registration, or payment is required. You can instantly reconcile your GST data with your bank statement.

Why is GST turnover vs bank receipt reconciliation important?

Reconciling GST turnover with bank receipts helps detect errors, unreported income, and ensure proper tax compliance. It is essential during GST audits and filing GSTR-9.

Does this tool work for GSTR-9 reconciliation?

Yes, it is useful for preparing GSTR-9 by identifying turnover mismatches and supporting year-end reconciliation statements.

Can I use this tool for multiple months?

Yes, you can use the tool for any month by selecting the month and year. It allows period-wise entry and comparison for better accuracy.

Free GST and Bank Reconciliation Tool | Match Bank Receipts & GST Turnover Instantly

GST Turnover and Bank Receipt Reconciliation

📥 Download Sample CSV

📤 Share This Free GST Tool

Know someone who files GST? Help them stay compliant by sharing this tool:

💡 Suggestions or Feedback?

We’re always improving this tool to make GST reconciliation easier and more reliable.

If you have suggestions, find a bug, or need additional features, we’d love to hear from you:

Your feedback goes directly to the FileBob.in team.

📄 Sample Output: GST Reconciliation Report

See how your final GST reconciliation summary will look after comparing bank receipts with GST turnover.

⬇️ Download Sample Report

📌 How This GST vs Bank Receipts Reconciliation Tool Works

This tool helps you identify any mismatch between your GST turnover (as declared in returns) and your actual bank account receipts. It allows users to:

Upload or enter all monthly bank receipt data
Classify each transaction (GST sale, advance, old dues, etc.)
Automatically calculate classified totals
Compare with GST turnover declared
Get clear justifications for any differences

This is especially useful during GST audits, assessments, and for keeping books clean & compliant.

🔍 Importance of Reconciling Bank Receipts with GST Turnover

Compliance: Ensures declared turnover matches financial records.
Audit Preparedness: Avoids penalties during GST or income tax audits.
Fraud Detection: Identifies missing invoices or undisclosed income.
Cash Flow Tracking: Helps track real vs reported revenue.
Advance Tracking: Helps identify service tax applicability on advances.

🧾 Free GST vs Bank Receipts Reconciliation Tool

Q: Who should use this tool?

This tool is ideal for small business owners, freelancers, accountants, and tax professionals who want to reconcile GST turnover with bank transactions monthly or annually.

Ensure your GST compliance is 100% accurate. This free online tool helps you compare your monthly bank receipts with your GST turnover and find any mismatch, missing invoices, or non-GST income.

💡 Why Use This Free GST Reconciliation Tool?

✅ Automatically reconcile bank credits with GST turnover
✅ Classify each transaction (GST Sale, Advance, Old Dues, Non-GST Receipt, etc.)
✅ Generate audit-ready reconciliation reports
✅ Identify possible errors in GSTR-1, GSTR-3B, or books of accounts
✅ No login required – completely free to use

📌 Who Should Use This Tool?

This tool is ideal for:

🔹 Small businesses and startups
🔹 Freelancers and service providers
🔹 Tax professionals, CAs, and accountants
🔹 Anyone filing GSTR-1 and GSTR-3B monthly or quarterly

📈 What Is GST vs Bank Receipt Mismatch?

Sometimes, your bank account shows more money received than what’s reported in your GST return. This may be due to:

➕ Advance payments (liable to GST for services)
💼 Recovery of old dues (already taxed earlier)
💰 Non-GST income like interest, capital receipts
❌ Missing invoices or under-reported sales

📊 How Does the Reconciliation Tool Work?

Enter the month and year of reconciliation
Enter each bank transaction: date, amount, remarks
Classify the transaction type
Enter your GST turnover for that period
Get a clear difference and justification report

🔍 Frequently Asked Questions (FAQs)

1. Is this GST reconciliation tool really free?

✅ Yes! This tool is 100% free to use. No registration, no hidden costs.

2. Is it safe to use?

Yes. We do not store your data or ask for your personal details. All reconciliation is done locally on your browser session.

3. Can I use this for GSTR-9 or GST audit?

Absolutely. This tool is helpful for preparing annual returns, reconciling turnover, and avoiding audit mismatches.

4. What if I have multiple bank accounts?

You can enter data from all bank accounts for that GSTIN in one go. The tool will combine and calculate total receipts.

5. Can I download or print the reconciliation summary?

Yes, a print/download button is coming soon. You can use browser print as of now.

🚀 Start Your Free Reconciliation Now

No sign-up required. Just enter your data and get instant results!

This free GST Bank Reconciliation Tool is proudly developed and maintained by FileBob.in — your trusted platform for tax, compliance, and automation tools. We’re committed to making GST filing and audit preparation simpler, faster, and 100% compliant.