GSTR-2B
GSTR-2B is a static auto-drafted Input Tax Credit (ITC) statement introduced by the Goods and Services Tax (GST) system in India. It provides a detailed summary of eligible and ineligible ITC for a taxpayer, based on the data filed by their suppliers in their GSTR-1, GSTR-5, and GSTR-6 returns. The GSTR-2B is generated monthly on the 14th and reflects transactions from the previous month, aiding taxpayers in reconciling their ITC claims. This statement helps ensure accuracy in claiming ITC and reduces discrepancies between the taxpayer's records and supplier's data, thereby facilitating easier GST return filing and compliance.
GSTR-2A
GSTR-2A is an auto-generated tax return form under the Goods and Services Tax (GST) regime in India. It provides a detailed summary of all the inward supplies (purchases) made by a taxpayer from registered suppliers during a particular month. This form is populated based on the data filed by the suppliers in their GSTR-1 returns. GSTR-2A helps taxpayers verify the accuracy of their purchase details, ensuring that the Input Tax Credit (ITC) claimed is correct. It includes information on purchases, debit and credit notes, and amendments made by suppliers, aiding in the reconciliation of purchase records with supplier declarations.
GSTR-2A and GSTR-2B are both forms related to the Goods and Services Tax (GST) in India, designed to provide information about input tax credit (ITC). However, they have distinct differences in terms of their nature, generation, and utility.
| Feature | GSTR-2A | GSTR-2B |
| Nature | Dynamic report | Static report |
| Period of Reflection | Continuously updated based on suppliers’ actions | Fixed period (monthly) |
| Data Source | Based on real-time data from GSTR-1, GSTR-5, and GSTR-6 filed by suppliers | Compiled from GSTR-1, GSTR-5, GSTR-6, ICEGATE, and GSTR-7 |
| Availability | Available from the filing date of GSTR-1 by suppliers | Available on the 12th of the succeeding month |
| Purpose | Primarily for reconciliation of input tax credit | Simplified summary for ITC claim purposes |
| Reconciliation | Requires manual reconciliation | Assists in auto-reconciliation of ITC |
| ITC Reflection | Shows ITC entries as per supplier's filings | Reflects ITC entries for a specific period |
| Errors | Prone to continuous changes and errors due to ongoing updates | Less prone to errors as it is static once generated |
| Use Case | Ideal for regular tracking and detailed reconciliation | Ideal for final ITC claim based on monthly filings |
| Inclusivity | Includes all documents as they are uploaded | Includes only those documents filed within the return period |
This table summarizes the major distinctions between GSTR-2A and GSTR-2B, helping users understand their respective purposes, functionalities, and features.
Download our mobile app from playstore now
All-in-one cloud-based business management software. Sell Smart, Sell Online with 0% Commission. Manage billing, bahikhata, inventory & expenses
