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GST Reconciliation is a process through which a taxpayer comes to know about the discrepancy between his books of accounts and GST Returns.
Moreover, with the help of GST Reconciliation, you can rectify the mismatches either by communicating with the supplier or doing changes in your books of accounts.
In addition to this, you should carry out the GST Reconciliation process in a regular interval of time. This helps you to avoid any consequences and penalties that you may face due to mismatches. In case the mismatch amount is too high you can also face the scrutiny from the tax authority
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