Difference in tax liability – where consideration is not received :
This statement is to be prepared based on Schedule 1 of the CGST Act and all such transactions on which GST is not levied should be part of the statement.
A simple outward supplies statement can be prepared which will give all the information and it should be at the transaction level, line level, HSN level with B2B and B2C Classification. The statement has to be prepared with the help of the IT team of the taxpayer as we do not have access to the taxpayer’s database and they may be using different ERP’s or accounting software’s.