#gstr2b

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Gstr 2a Vs Gstr 2b – Detailed Comparison of Gstr-2a with Gstr-2b.

Digitax Automation is the top (Input Tax Credit) ITC Reconciliation Software company in Jaipur, India. ITC Reconciliation is approved for capital goods under Goods and Service Tax. All general taxpayers must report the amount of ITC credit in their monthly GST returns of Form GSTR-3B. A taxpayer can maintain ITC on a provisional basis in the GSTR-3B to an extent of 20% of the eligible ITC reported by suppliers in the auto-generated GSTR-2A return. Hence, a taxpayer should cross-check the GSTR-2A form before progressing to file GSTR-3B. GSTR3B Reconciliation is made easy with Digitax.

In Aug 2020, a new auto-drafted statement GSTR 2B was introduced with the objective of making ITC computation easier. Though invoices from GSTR 2A flow into GSTR 2B, unlike GSTR 2A, GSTR 2B is a static return. Erstwhile GSTR 2B was generated on 12th of every month, however with QRMP scheme the monthly filing date for quarterly filers became 13th. Hence GSTR 2B is now generated on 14th and consists of all those invoices file after last generated GSTR 2B.