{"id":20046,"date":"2022-11-30T13:09:30","date_gmt":"2022-11-30T13:09:30","guid":{"rendered":"http:\/\/34.100.199.175\/?page_id=20046"},"modified":"2023-08-02T09:48:08","modified_gmt":"2023-08-02T09:48:08","slug":"gstr-2b-reconciliation","status":"publish","type":"page","link":"https:\/\/mybillbook.in\/s\/gst-goods-and-services-tax\/gstr-2b-reconciliation\/","title":{"rendered":"GSTR 2B Reconciliation"},"content":{"rendered":"<p>[vc_row][vc_column][vc_column_text]<\/p>\n<h1 class=\"zox-post-title left entry-title\" style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"GSTR_2B_Reconciliation\"><\/span>GSTR 2B Reconciliation<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p>[\/vc_column_text][vc_column_text]<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_is_GSTR_2B_Reconciliation\"><\/span>What is GSTR 2B Reconciliation?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>GSTR-2B is a monthly auto-drafted ITC (Input Tax Credit) statement for regular taxpayers (whether or not they have opted into the QRMP programme).<\/p>\n<p>The statement began with the August 2020 tax period, and the government introduced it on the\u00a0<a href=\"https:\/\/mybillbook.in\/s\/gst-e-invoice\/einvoice1-gst-gov-in-invoice-registration-portal\/\" target=\"_blank\" rel=\"noreferrer noopener\">GST portal<\/a>. You can generate it on the 12th of every month. It is static, meaning it does not alter depending on the vendors\u2019 actions.<\/p>\n<p>Even though GSTR-2B depends on GSTR-1, GSTR-5, GSTR-6, and the <a href=\"https:\/\/mybillbook.in\/blog\/icegate\/\" target=\"_blank\" rel=\"noopener\">ICEGATE<\/a> system (Indian Customs Electronic Gateway), it does not include TDS and TCS information.[\/vc_column_text][vc_column_text]<div class='ai-viewports ai-viewport-1 ai-insert-15-84055049' style='margin: 8px 0px; clear: both; padding-left: 325px;' data-insertion-position='prepend' data-selector='.ai-insert-15-84055049' data-insertion-no-dbg data-code='PGRpdiBjbGFzcz0nY29kZS1ibG9jayBjb2RlLWJsb2NrLTE1JyBzdHlsZT0nbWFyZ2luOiA4cHggMHB4OyBjbGVhcjogYm90aDsgcGFkZGluZy1sZWZ0OiAzMjVweDsnPgo8YSBocmVmPSJodHRwczovL215YmlsbGJvb2suaW4vY3JlYXRlLWFjY291bnQvIj4gPGltZyBzcmM9Imh0dHA6Ly9teWJpbGxib29rLmluL3Mvd3AtY29udGVudC91cGxvYWRzLzIwMjMvMDYvR2VuZXJhdGUtR1NULVJlcG9ydHMtTm93LnBuZyIgYWx0PSJnZW5lcmF0ZSBnc3QgcmVwb3J0cyI+IDwvYT4KPC9kaXY+Cg==' data-block='15'><\/div>\n<script>\n  ai_run_693242695678 = function(){ai_insert_viewport_code ('ai-insert-15-84055049');};\n  if (document.readyState === 'complete' || (document.readyState !== 'loading' && !document.documentElement.doScroll)) ai_run_693242695678 (); else document.addEventListener ('DOMContentLoaded', ai_run_693242695678);\n<\/script>\n<br \/>\n[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n<h2 id=\"h-points-to-remember-while-preparing-gstr-2b-reconciliation\"><span class=\"ez-toc-section\" id=\"Points_to_Remember_While_Preparing_GSTR_2B_Reconciliation\"><\/span>Points to Remember While Preparing GSTR 2B Reconciliation:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>You can access and produce GSTR2B monthly, based on your supplier-provided\u00a0<a href=\"https:\/\/mybillbook.in\/blog\/gstr-1-filing\/\" target=\"_blank\" rel=\"noreferrer noopener\">GSTR-1<\/a>,\u00a0<a href=\"https:\/\/mybillbook.in\/blog\/gstr-5\/\" target=\"_blank\" rel=\"noreferrer noopener\">GSTR-5<\/a>, and\u00a0<a href=\"https:\/\/mybillbook.in\/blog\/gstr-6\/\" target=\"_blank\" rel=\"noreferrer noopener\">GSTR-6<\/a>\u00a0and find your eligibility for ITC in the statement.<\/li>\n<li>You must reconcile GSTR 2B with your books of accounts before filing GSTR 3B to avoid any notices from the\u00a0<a href=\"https:\/\/mybillbook.in\/blog\/gst-full-form-meaning\/\" target=\"_blank\" rel=\"noreferrer noopener\">GST<\/a>\u00a0department in case of any mismatch.<\/li>\n<li>Perform GSTR 2B reconciliations before filing GST returns, failing which you will have to:\n<ol>\n<li>Pay interest and a penalty to the government in the event of excess availment of ITC.<\/li>\n<li>Not claim eligible ITC within the prescribed timeline in case of short\/less availment of ITC.<\/li>\n<\/ol>\n<\/li>\n<li>The data should not be directly picked from GSTR-2B and filed in <a href=\"https:\/\/mybillbook.in\/s\/gst-goods-and-services-tax\/gstr-3b-filing\/\" target=\"_blank\" rel=\"noopener\">GSTR-3B<\/a>. You should check the invoice date, so credit is not taken twice or missed.<\/li>\n<li>The reverse charge credit on the import of services is not part of this statement, and you must enter it in Table 4(A) (2) of FORM GSTR-3B.<\/li>\n<\/ol>\n<p>[\/vc_column_text][vc_column_text]<div class='ai-viewports ai-viewport-1 ai-insert-15-35943027' style='margin: 8px 0px; clear: both; padding-left: 325px;' data-insertion-position='prepend' data-selector='.ai-insert-15-35943027' data-insertion-no-dbg data-code='PGRpdiBjbGFzcz0nY29kZS1ibG9jayBjb2RlLWJsb2NrLTE1JyBzdHlsZT0nbWFyZ2luOiA4cHggMHB4OyBjbGVhcjogYm90aDsgcGFkZGluZy1sZWZ0OiAzMjVweDsnPgo8YSBocmVmPSJodHRwczovL215YmlsbGJvb2suaW4vY3JlYXRlLWFjY291bnQvIj4gPGltZyBzcmM9Imh0dHA6Ly9teWJpbGxib29rLmluL3Mvd3AtY29udGVudC91cGxvYWRzLzIwMjMvMDYvR2VuZXJhdGUtR1NULVJlcG9ydHMtTm93LnBuZyIgYWx0PSJnZW5lcmF0ZSBnc3QgcmVwb3J0cyI+IDwvYT4KPC9kaXY+Cg==' data-block='15'><\/div>\n<script>\n  ai_run_289401364931 = function(){ai_insert_viewport_code ('ai-insert-15-35943027');};\n  if (document.readyState === 'complete' || (document.readyState !== 'loading' && !document.documentElement.doScroll)) ai_run_289401364931 (); else document.addEventListener ('DOMContentLoaded', ai_run_289401364931);\n<\/script>\n<br \/>\n[\/vc_column_text][vc_column_text][\/vc_column_text][\/vc_column][\/vc_row][vc_section][vc_row][vc_column][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/3&#8243;][vc_column_text][\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/3&#8243;][vc_column_text][\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/3&#8243;][vc_column_text][\/vc_column_text][\/vc_column][\/vc_row][\/vc_section]<\/p>\n","protected":false},"excerpt":{"rendered":"[vc_row][vc_column][vc_column_text] GSTR 2B Reconciliation [\/vc_column_text][vc_column_text] What is GSTR 2B Reconciliation? GSTR-2B is a monthly auto-drafted ITC (Input Tax Credit) statement for regular taxpayers (whether or not they have opted into the QRMP programme). The statement began with the August 2020 [...]","protected":false},"author":9,"featured_media":20057,"parent":19178,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.5.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>GSTR 2B Reconciliation<\/title>\n<meta name=\"description\" content=\"GSTR 2B Reconciliation, Points to Remember While Preparing GSTR 2B Reconciliation.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mybillbook.in\/s\/gst-goods-and-services-tax\/gstr-2b-reconciliation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GSTR 2B Reconciliation\" \/>\n<meta property=\"og:description\" content=\"GSTR 2B Reconciliation, Points to 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