The following table explains the points of differences between GSTR-2B and GSTR-2A:Īn auto-drafted statement that provides input tax credit (ITC) details to every recipient of supplies, based on the suppliers’ data including changes done later on.Ī constant auto-drafted statement that provides input tax credit (ITC) details to every recipient of supplies, based on the suppliers’ data for every tax period.ĭynamic, as it changes from day to day, as and when a supplier reports the documents. GSTR 2A is an auto-generated read-only document that is for information purposes only. GSTR 2A will be auto-populated from the following returns of the sellers/counterparty: However, for GSTR-3B preparation since August 2020, taxpayers must refer to GSTR-2B which is a static version of GSTR-2A. As a GST registered buyer, you may refer to the GSTR-2A for input tax credit details while filing GSTR-3B and GSTR-9. It takes the information of goods and/or services that have been purchased in a given month from the seller’s GSTR-1. When a seller files his GSTR-1, the information is captured in GSTR 2A. GSTR 2A is a purchase-related dynamic tax return that is automatically generated for each business by the GST portal. So, the taxpayers can no longer claim 5% provisional ITC under the CGST Rule 36(4) and ensure every ITC value claimed was reflected in GSTR-2B. From 1st January 2022, businesses can avail ITC only if it is reported by supplier in GSTR-1/ IFF and it appears in their GSTR-2B.įrom 1st January 2022, ITC claims will be allowed only if it appears in GSTR-2B. Section 50 stands amended for levying interest on excess ITC claims and utilisation, together with the manner of interest computation.ĬGST Rule 36(4) is amended to remove 5% additional ITC over and above ITC appearing in GSTR-2B. Sections 42, 43 and 43A on provisional ITC claim process, matching and reversal are eliminated.Ħ. Section 41 is also revamped to remove the references to provisional ITC claims and prescribes self-assessed ITC claims with conditions.ĥ. It also states that taxpayers will be provided information of eligible and ineligible ITC for claims.Ĥ. It lays down the manner, time, conditions and restrictions for ITC claims and has removed the two-way communication process in GST return filing on the suspended return in Form GSTR-2. Section 38 is completely revamped as ‘Communication of details of inward supplies and input tax credit’ in line with the Form GSTR-2B. Firstly, 30th November of the following year or secondly, the date of filing annual returns.ģ.
Time limit to claim ITC on invoices or debit notes of a financial year is revised to earlier of two dates. ITC cannot be claimed if it is restricted in GSTR-2B available under Section 38.Ģ.
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