What is 2A & 2B in GST?

Distinction between Form GSTR-2A and Form GSTR-2B Form GSTR-2A is a form of a dynamic statement. The details of inward supplies vis-à-vis input tax credit will be updated on a continuous basis. On the other hand, Form GSTR-2B is a form of a static statement. The details will be updated on a constant basis.

From when Gstr 2A is applicable?

The GSTR 2A has generated automatically when a business's seller or counterparty uploads the GSTR 1 and 5 Forms. It details the purchases a company makes in a particular month, thereby noting all invoice details. However, it is a read-only document, serving only to inform a business of its sellers' invoice details.

What is Gstr 2A & 3B?

GSTR-3B is used to enter the summary output and input tax credit (ITC) details so that the net tax liability can be calculated and paid. Before filing GSTR-3B, it is important to check Form GSTR-2A since it shows us the details of the invoices uploaded by our supplier.07-Jan-2022

Is Gstr 2A monthly return?

Since it is automatically generated, there is no GSTR 2A due date in question. However, if any information in that form requires modification, enterprises must do so in GSTR-2, and the due date is between the 11th and 15th of the month immediately following the month for which such GST returns are filed.

Is Gstr-2A mandatory?

You don't have to file GSTR-2A. GSTR-2A is a read-only document with a list of all of the invoices from the various sellers during the month.23-Feb-2022

Which ITC claim in Gstr-2A or 2B?

Comparison of GSTR-2A with GSTR-2B A progressive auto-drafted statement that provides input tax credit (ITC) details to every recipient of supplies, based on the suppliers' data. A constant auto-drafted statement that provides input tax credit (ITC) details to every recipient of supplies, based on the suppliers' data.18-Apr-2022

How do I reconcile my Gstr 2A?

Through GSTZen, you can reconcile GSTR 2A in 4 simple steps:

Download Supplier Invoice GSTR 2A from the government portal.
Upload Purchase Invoice through Excel (OR) Tally.
Run GSTZen Intelligent matcher.
Download and Review the report.

How do I test my Gstr 2A?

Step 1 – Login to GST Portal.

Step 2 – Go to Services.
Step 3 – Select the Financial Year and the Return Filing Period from the drop-down.
Step 4 – Click on the 'View' button in the tile GSTR-2A.
Step 5 – The GSTR2A – auto drafted details is displayed.
Step 6 – Under Part A, click on B2B Invoices.

Can we download Gstr 2A for full year?

ClearTax GST software comes with an inbuilt feature of advanced reconciliation, enabling you to download GSTR-2A data across different months or for an entire year in a single click.12-Jan-2022

What is R1 return in GST?

Who is required to file Form GSTR-1? Form GSTR-1 is a monthly Statement of Outward Supplies to be furnished by all normal and casual registered taxpayers making outward supplies of goods and services or both and contains details of outward supplies of goods and services.

Can I claim ITC based on Gstr 2A?

CGST Rule – 36 now limits taxpayers from availing Input Tax Credits (ITC) if their suppliers have not reported the invoices in GSTR 2A. Recipient can take credit only up-to 20% above eligible ITC reflecting in GSTR 2A.

What is the Gstr 3B?

What is GSTR-3B? GSTR-3B is a monthly self-declaration to be filed by a registered GST dealer along with GSTR 1 and GSTR 2 return forms. It is a simplified return to declare summary GST liabilities for a tax period. IMPORTANT: You have to file GSTR-3B even when there has been no business activity (nil return).26-Apr-2021

What is RCM in GST?

Reverse Charge means the liability to pay tax is on the recipient of supply of goods or services instead of the supplier of such goods or services in respect of notified categories of supply.

Can we claim ITC more than 2B?

CGST Rule 36(4) is amended to remove 5% additional ITC over and above ITC appearing in GSTR-2B. From 1st January 2022, businesses can avail ITC only if it is reported by the supplier in GSTR-1/ IFF and it appears in their GSTR-2B. From 1st January 2022, ITC claims will be allowed only if it appears in GSTR-2B.23-Feb-2022

Is Gstr 2B mandatory?

Limit on ITC availment under Rule 36(4) – The purpose of GSTR 2B is to ensure compliance with Rule 36(4). Once GSTR 2B is made mandatory, availment of ITC by a Tax payer for invoices not uploaded by Vendors cannot exceed by more than 10%, the Input Tax Credit for invoices uploaded by Vendors in their GSTR 1 Returns.

What is Gstr 1/2A and 3B?

• GSTR 3B is a summary return with revenue. implication. • GSTR 1 is a monthly/quarterly return with. invoice-wise outward supply details. • GSTR 2A is an auto-populated return.

What is ITC reconciliation?

What is ITC Reconciliation? Reconciliation is done with the aim of covering all the details of purchases by the registered taxpayer in order to grant him the correct amount of credit. The process involves matching of details filed by the supplier in GSTR 1 with the purchase data uploaded by the registered taxpayer.29-Jul-2022

What is Gstr 2A explain briefly?

Form GSTR-2A is a system generated Statement of Inward Supplies for a recipient. Form GSTR-2A will be generated in below scenarios: When the supplier uploads the B2B transaction details in their Form GSTR-1 / 5. ISD details will be auto-populated on submission of Form GSTR-6 by their Input Service Distributor.

Why is Gstr 2A reconciliation required?

It is very important to reconcile GST returns data because : Under new GST returns, the taxpayers will only be able to claim ITC if the particular invoice is present in the GSTR-2A or supplier's data. This requirement forces the businesses to reconcile and claim ITC correctly.10-Jun-2021

How does Gstr 2A compare with tally?

Go to Gateway of Tally > Display > Statutory Reports > GST > GSTR-2.

Click U: Status Reconciliation.
The Voucher Register displayed on drill down from a table in Status Reconciliation screen appears as shown below:
Click S: Set Status.
The status change is displayed in the Voucher Register as shown below:

How do I file B2B with GST?

Manual Online Upload of Invoice on GSTN

Step 1: Login to your GST account. GST Login.
Step 2: Select the month for which you wish to upload GST invoices. Select Filing Month.
Step 3: Select GSTR-1 Return and Click on Prepare Online.
Step 4: Upload B2B Invoice Details.
Step 5: Upload B2C Large Invoice Details.

What is 2A & 2B in GST?