Reconciliation of GSTR 2B with Purchase Book

Since GSTR 3B is auto populated from GSTR 2B, there would not be any difference between the data of GSTR 2B and GSTR 3B.

But, it is always important to match GSTR2B with Purchase Book for following reasons.

It is required to ensure that,

1. ITC is not claimed twice for the same invoice.

2. ITC claimed is actually paid to the suppliers

3. Reverse charge GST is paid if any if not auto reflected from GSTR- 2A to GSTR- 3B

4. ITC is reversed if required.

5. Section 16 is complied with.

6. ITC is claimed before the deadline of claiming ITC for FY. (Earlier of Due date of filing GSTR 3B of September of next FY or actual date of filing of Annual return for this FY)

7. Excess ITC is not claimed. Reversal of excess ITC can lead to payment of Interest @24% p.a.

8. Non receipt of Notices due to major differences between GSTR 2B and GSTR 3B which may cause Cancellation of GST.

9. No short ITC claimed. If any of the invoice or debit note is not reflecting GSTR 2B, the taxpayer must inform the supplier and make sure that supplier uploads the same in the GSTR 1 of the next month.

10. ITC claimed in the books is matching with ITC claimed in GSTR 3B.

Therefore, Difference between the ITC as per GSTR 2B and ITC in the books, requires Reconciliation of GSTR 2B and Purchase book.

Which data should be reconciled?

1. GSTIN

2. Document Type

3. Document Number

4. Document date

5. Total Taxable Value

6. Head wise Tax Amount

7. Total Tax amount

GSTR- 2A vs GSTR- 2B

How to reconcile GSTR 2B with Purchase Book.

Watch here

FAQs

1. What is GSTR- 3B?

Click MeGSTR- 3B- Meaning, Due date, eligibility and more

2. Can I edit auto-populated Form GSTR-2B values in Form GSTR-3B? 

Yes, as of now, the values auto-populated in Form GSTR-3B from Form GSTR-1 and GSTR-2B are kept editable. However, the tile with edited field will be highlighted in RED and a warning message will be displayed . You can still view the system computed values by hovering over the edited values. 

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