Reconciling GSTR-2B involves matching your purchase register with the auto-drafted ITC statement on the GST portal to claim accurate Input Tax Credit (ITC). Key steps include downloading the GSTR-2B Excel/JSON file, comparing it against company books (invoice number, amount, tax) using tools like TallyPrime, ClearTax, or Excel VLOOKUP, and identifying mismatches.
1️⃣ Purchase (Input) Reconciliation – Download GSTR-2A & 2B from the GST portal. Export purchase register from Tally/SAP/Zoho (GSTIN, invoice no., date, value, GST). Use VLOOKUP/XLOOKUP to match invoices. Flag missing invoices, value mismatches, GSTIN errors, and ineligible ITC.
Press Alt+G (Go To) > GSTR-2B Reconciliation. Under Unreconciled, drill down from the Available Only in Books section. Press F12 (Configure) and enable the Show potential matches between Books and Portal option.
Watch video tutorial for GSTR-2A Reconciliation in GSTHero
Since the data in GSTR-2B does not change with subsequent supplier filings, it provides a stable reference point for reconciling ITC claims with purchase records. This stability is crucial for accurate monthly tax filings and reduces the chances of discrepancies that could lead to tax notices.
Login to GSTZen account and select the GSTIN in the Dashboard for which you want to perform the reconciliation. Click on Reconcile Books vs Govt. Portal Data, then select “Purchase Register vs GSTR-2B” and the relevant period.
How to do a bank reconciliation (step by step)
The GSTR-2A is a dynamic statement that gets updated whenever a taxpayer's suppliers file their GST return of outward supplies. On the other hand, the GSTR-2B is a static statement containing details of input tax credit only for a particular return period.
ExpressGST || Reconciliation Process: Books vs 2A/2B (DIY)
Step 6 – Raise Ticket: The taxpayer can raise a ticket on the GST self-service portal or GST helpdesk if the portal does not display the BoE in case they face any problem. The following details are to be furnished in the ticket: BoE details – GSTIN, BoE number, BoE date, Port code and Reference date.
How to file GSTR 2B?
FORM GSTR-2B - Advisory Q. 1 What is GSTR-2B? GSTR-2B is an auto-drafted ITC statement which is generated for every normal taxpayer on the basis of the information furnished by his suppliers in their respective GSTR-1/IFF, GSTR-5 (non-resident taxable person) and GSTR-6 (input service distributor).
8 Steps To Perform Bank Reconciliation
When Is GSTR-2B Generated? GSTR-2B is generated after furnishing details of GSTR-5, GSTR-6, and IFF (Invoice Furnishing Facility) which is due by 13th of every month. This means that GSTR-2B can be accessed on or after 14th of every month. Normal taxpayers and SEZ can access this statement and download the same.
To execute a GSTR-2B reconciliation, follow these steps:
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.
Form GSTR-2B is available only for the following types of taxpayers: Normal taxpayers. SEZ taxpayers. Casual taxpayers.
1.2 Choose the GST number in the dashboard for which you want to perform the reconciliation. 1.3 Click on Reconcile Books vs Govt. Portal Data, then select “Purchase Register vs GSTR-2B” and the relevant period. 1.4 Log in to the GST Portal, either through OTP or Username and Password.
GSTR-2A is a dynamic purchase-related tax statement, while GSTR-2B is a static monthly ITC statement. GSTR-2B helps businesses identify eligible ITC, whereas GSTR-2A keeps updating as suppliers upload invoices. ITC claims should be aligned with GSTR-2B, not GSTR-2A.
There are four primary actions in the celebration of the Sacrament of Reconciliation, all of which contribute in some way to the healing that takes place: confession of sin; expression of contrition or sorrow for sin; doing penance ("satisfaction"), which expresses a desire to avoid sin; and absolution from sin.
Common reconciliation adjustments include outstanding checks, deposits in transit, bank fees, and interest earned or charged by the bank.
A three-way reconciliation report contains the adjusted bank balance, the book balance, and the client trust ledger balance and shows that all three balances match.