Topic Name:- GST Comparative Analysis & Accounting.

Submitted By:- Krishna Bagal.

Roll No:- ZB21003.
Class:- ZIBACAR-A.
Guided By:-
Objectives:-

Creative Industries.
 Accounting
 GST Filling
 Bank Reconciliation
ITR Return.
Making Financial Reports.
 Company Profile:-

Manufacturing Company.
 Accounting.
 Goods and service tax.
 Bank Reconciliation of company.
 ITR Return filling.
 Review of literature:-
 Trust Research in Accounting – A Literature Review
 August 24, 2009,Gudrun Baldvinsdottir, Andreas Hagberg, Inga-Lill Johansson .
 Barbara Apostolou WEST VIRGINIA UNIVERSITY Department of Accounting College of
Business and Economics.
 Jack W. Dorminey WEST VIRGINIA UNIVERSITY Department of Accounting College of
Business and Economics.
 John M. Hassell INDIANA UNIVERSITY Kelley School of Business Indianapolis, BS4012
801 W. Michigan Street.
 Research Methodology:-

Accounting- Receivable, Payment, Journal Entries, Contra

Entries.
GST- GSTR1, GSTR 3B filing on portal and making
summary in excel.
E-way Bill for Transportation.
ITR Return filling.
 Data Analysis and data interpretation :-

 Accounting- Company Provided Bills and bank statements and all transection in
business.
 GST- Companies tally backup extracting it and making summary in excel of GSTR1
& GSTR3B.
 OIL Sector.
Finding:-

 GST:- In GST Reconciliation I found that the GSTR1 was not

matching to GSTR 2B and GSTR3B.
 E-Way bill were successfully generated in software.
 Financial Report were prepared successfully.
 The gross GST revenue collected during December 2022 is Rs
1,49,507 crore, of which CGST is Rs 26,711 crore, SGST is Rs
33,357 crore, IGST is Rs 78,434 crore (including Rs 40,263 crore
collected on import of goods) and Cess is Rs 11,005 crore
(including Rs 850 crore collected on import of goods)
 Suggestion:-

 A) E-way bill not required for intra-State movement all

though provision is required for innocent passage via other
State.
 B) Invoice is sufficient for movement ‘by way of supply’ which
has IRN generated on common portal. Same facility to be
allowed in all other cases of movement where some other
document or challan is also generated.
Conclusion:-
Conclusion:-
 The company accounting and GST Research was successfully completed.
Thank You.