IMS - Not computing GSTR2B

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204 Points Joined August 2017
Can an assessee file GSTR 3B after only accept the invoices in IMS without computing GSTR2B?
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On 18 December 2024 at 20:05 Report
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Master in Accounts & high court Advocate
9434 Points Joined December 2011

 As per the GST Council's recommendations, GSTR-2B is an auto-drafted Input Tax Credit (ITC) statement, which is generated based on the invoices uploaded by suppliers and the data from the Income Tax Department.

 To answer your question: - _Filing GSTR-3B without computing GSTR-2B_: Yes, an assessee can file GSTR-3B even if they have only accepted invoices in the Invoice Matching System (IMS) without computing GSTR-2B.

Accepting invoices in IMS_: By accepting invoices in IMS, the assessee is confirming the receipt of goods or services and the corresponding tax liability. -

_GSTR-2B computation_: Although GSTR-2B is an auto-drafted statement, it's essential to review and verify the ITC claimed to ensure accuracy and avoid potential discrepancies.

Before filing GSTR-3B: 1. Verify the invoices accepted in IMS.

 2. Review the GSTR-2B statement to ensure accuracy.

3. Reconcile the ITC claimed with the invoices accepted.

4. File GSTR-3B, reporting the correct tax liability and ITC claimed. To avoid potential issues: 1. Regularly review and verify invoices in IMS.

 2. Monitor GSTR-2B statements for accuracy.

 3. Maintain accurate records of invoices, ITC claimed, and tax payments.

 

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On 18 December 2024 at 21:37


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