GST- GSTR2B Value Zero in ITC and Liability comparsion

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Keshav Maheshwari

24 Points Joined May 2023

Hello,

This is regarding mismatch in value shown in GSTR2B and liability itc comparison.

I have filed my GSTR3B yesterday with ITC calculated as per below step

1) Taken values ITC available from GSTR2B

2) Deducted Credit note

3) Deducted extra itc claimed last quarter

4) In IMS dasboard accepted credit note and processed

5) It said regenerate 2B

After this I filled GSTR3B and proceeded .

In the GSTR2B , still it shows itc available and credit note ITC separately.
However to my surprise,ITC value available shown in comparison is zero and it shows that basis in GSTR2B. How is it possible? The ITC value i claimed is now shown as excess claimed.
Please help to resolve the issues.

Thanks in advance.

Replies (6)

Rama chary Rachakonda

Master in Accounts & high court Advocate

9004 Points Joined December 2011

The mismatch in values between GSTR-2B and liability ITC comparison can be frustrating.

Let's break down the possible reasons and solutions.

Possible Reasons for the Mismatch

1. *Timing Difference*: GSTR-2B is generated on the 14th of every month, while GSTR-3B is filed later. Any changes made to GSTR-1 or GSTR-5 after the GSTR-2B generation date might not be reflected in GSTR-2B.

2. *Credit Note Processing*: Although you accepted and processed the credit note in the IMS dashboard, it's possible that the system didn't update the GSTR-2B accordingly.

3. *ITC Availability*: GSTR-2B shows ITC available and credit note ITC separately.

However, the comparison might not consider the credit note ITC, leading to a mismatch.

Steps to Resolve the Issue 1. *Reconcile GSTR-2B with GSTR-3B*: Perform a detailed reconciliation of GSTR-2B with GSTR-3B to identify the exact differences.

2. *Verify Credit Note Processing*: Double-check the IMS dashboard to ensure that the credit note was processed correctly.

3. *Contact Suppliers*: Reach out to your suppliers to confirm that they have filed their GSTR-1 and GSTR-5 correctly.

4. *File a GST Reconciliation Statement*: If the mismatch persists, consider filing a GST reconciliation statement (GSTR-9) to report the differences.

Preventing Future Mismatches 1?*¡±]0]0]1. *Regularly Reconcile GSTR-2B with GSTR-3B*: Make it a habit to reconcile GSTR-2B with GSTR-3B every month to catch any discrepancies early.

2. *Verify Credit Notes*: Always verify that credit notes are processed correctly in the IMS dashboard. By following these steps, you should be able to resolve the mismatch and prevent similar issues in the future.

Keshav Maheshwari

24 Points Joined May 2023

Hello,

Please refer below snapshot for more clarity on the issue.

I have added GSTR2B snap and Liability comparison.

Please see ITC available is shown in GSTR2B, however same not reflected in liability comparison.

Keshav Maheshwari

24 Points Joined May 2023

Please see comparison snap.

Rohit

Accounts Executive

22 Points Joined February 2011

this problem is facing by all gst holder who is filling quaterly GSTR3B. i am also facing this problem. raise complain to gst regarding this technical glitch.