GSTR-2A and GSTR-2B are two different types of GST returns that provide information on the input tax credit (ITC) available to a taxpayer. While GSTR-2A provides the details of the inward supplies of goods and services that have been filed by the suppliers in their GSTR-1 return, GSTR-2B is a static statement that provides an auto-drafted summary of the ITC available to the taxpayer based on the data filed by the suppliers in their GSTR-1 return.
The key differences between GSTR-2A and GSTR-2B are as follows:
GSTR-2A is a dynamic statement that reflects the details of the inward supplies uploaded by the suppliers on a real-time basis, while GSTR-2B is a static statement that provides a summary of the ITC available to the taxpayer based on the data filed by the suppliers in their GSTR-1 return.
GSTR-2A is available on a real-time basis and is updated continuously as the suppliers upload their GSTR-1 returns, while GSTR-2B is generated once a month on the 12th day of the following month.
GSTR-2A provides details of all inward supplies for a particular tax period, while GSTR-2B provides an auto-drafted summary of the ITC available to the taxpayer for a particular tax period.
GSTR-2A can be used by the taxpayers to reconcile their ITC with the details uploaded by their suppliers, while GSTR-2B can be used by the taxpayers to ascertain their ITC availability for a particular tax period.
In summary, while GSTR-2A provides a detailed list of inward supplies uploaded by the suppliers on a real-time basis, GSTR-2B provides an auto-drafted summary of the ITC available to the taxpayer based on the data filed by the suppliers in their GSTR-1 return. Both GSTR-2A and GSTR-2B serve as useful tools for taxpayers to reconcile their ITC and to ascertain their ITC availability for a particular tax period.
GSTR-2A is a statement that provides details of the inward supplies of goods and services that have been filed by the suppliers in their GSTR-1 return. It is an auto-populated statement that reflects the details of all the purchases made by a taxpayer during a particular tax period. The GSTR-2A is generated automatically by the GST portal based on the data uploaded by the suppliers in their GSTR-1 returns.
The GSTR-2A statement contains the following details:
1. GSTIN of the supplier
2. Invoice number and date
3. HSN or SAC code
4. Taxable value and tax amount (CGST, SGST, IGST, and Cess)
5. Place of supply
6. Input tax credit (ITC) eligible and ITC claimed
The GSTR-2A statement serves as a useful tool for taxpayers to reconcile their ITC with the details uploaded by their suppliers. Taxpayers can view their GSTR-2A statement on the GST portal and can download it in Excel format. They can use this statement to match the details of the inward supplies with their purchase register and can claim the ITC accordingly. If there is any discrepancy between the details of the inward supplies and the purchase register, taxpayers can take corrective action and update their GSTR-2 return accordingly.
GSTR-2B is a static statement that provides an auto-drafted summary of the input tax credit (ITC) available to the taxpayer based on the data filed by the suppliers in their GSTR-1 return. It is generated automatically on the 12th day of the following month, after the tax period for which it is being generated.
The GSTR-2B statement contains the following details:
1. ITC available as per GSTR-2A
2. ITC available as per Import of Goods
3. ITC available as per Import of Services
4. ITC available as per ISD credit
5. ITC available as per TDS credit
6. ITC available as per TCS credit
7. ITC available as per any other ITC credit
The GSTR-2B statement is a useful tool for taxpayers to ascertain their ITC availability for a particular tax period. It is an auto-populated statement that reflects the ITC available to the taxpayer based on the details uploaded by the suppliers in their GSTR-1 returns.
Taxpayers can view their GSTR-2B statement on the GST portal and can download it in Excel format. They can use this statement to match the details of the ITC with their purchase register and can claim the ITC accordingly. However, it is important to note that the GSTR-2B statement is a summary statement and does not provide detailed information about the inward supplies. Taxpayers should reconcile the details of their inward supplies with the purchase register and the GSTR-2A statement to ensure that they have claimed the correct amount of ITC.
Here are some FAQs explaining the key differences between GSTR-2A and GSTR-2B:
A. GSTR-2A is an auto-populated statement that provides details of the inward supplies of goods and services that have been filed by the suppliers in their GSTR-1 return, whereas GSTR-2B is a static statement that provides an auto-drafted summary of the input tax credit (ITC) available to the taxpayer based on the data filed by the suppliers in their GSTR-1 return.
A. GSTR-2A is generated automatically by the GST portal based on the data uploaded by the suppliers in their GSTR-1 returns.
A. GSTR-2B is generated automatically on the 12th day of the following month, after the tax period for which it is being generated. It is an auto-drafted summary of the ITC available to the taxpayer based on the data filed by the suppliers in their GSTR-1 returns.
A. GSTR-2A contains details of the GSTIN of the supplier, invoice number and date, HSN or SAC code, taxable value and tax amount (CGST, SGST, IGST, and Cess), place of supply, and ITC eligible and ITC claimed.
A. GSTR-2B contains a summary of the ITC available to the taxpayer based on the data filed by the suppliers in their GSTR-1 returns. It provides details of ITC available as per GSTR-2A, ITC available as per Import of Goods, ITC available as per Import of Services, ITC available as per ISD credit, ITC available as per TDS credit, ITC available as per TCS credit, and ITC available as per any other ITC credit.
A. GSTR-2A is generated on a real-time basis as and when the supplier uploads their GSTR-1 returns, whereas GSTR-2B is generated once a month, on the 12th day of the following month.
A. Taxpayers cannot make any corrections in GSTR-2A as it is an auto-populated statement. However, taxpayers can make corrections in GSTR-2B in their GSTR-2 return before the due date for filing of the return for the month of September of the following financial year or filing of the annual return, whichever is earlier.
Refund of GST Paid by Unregistered Person on Purchase of Flat/Units
