GSTR-2B is static and shows only eligible ITC as of a cut-off date. For reconciliation, many still prefer 2A because it shows real-time changes. Use both for best results.
Collect the GSTR 2A and 3B data for the relevant period. You can obtain this data from: gstr 2a and 3b reconciliation in excel format download
You can download a free GSTR 2A and 3B reconciliation Excel template from various online sources, such as: GSTR-2B is static and shows only eligible ITC
For every GST-registered business in India, the period-end ritual of matching purchase data is both critical and daunting. On one hand, you have —a dynamic, auto-populated statement reflecting the inward supplies reported by your vendors. On the other hand, you have GSTR-3B —the self-declared summary return where you claim your Input Tax Credit (ITC). Collect the GSTR 2A and 3B data for the relevant period
Once you have reconciled GSTR 2A and 3B, finalize and file your returns:
GSTR 2A is a system-generated statement of purchases, which is automatically populated by the GSTN (Goods and Services Tax Network) based on the information furnished by your suppliers. It contains details of all the purchases made by your business, including the supplier's name, GSTIN, invoice number, date, and amount. GSTR 2A is generated on a monthly basis, and it is essential to verify the information to ensure accuracy.