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Itc 2a or 2b

Rahul Khanna (59 Points)

31 March 2021

why there is difference between itc 2a or 2b

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PRASANT BISOYI (249 Points)
Replied 31 March 2021

The amount which is disclosing in 2A is the details of inward supply reflected from the Form GSTR-1 of ur vendors filed for the respective month (either on time or late) and the amount in 2B is the details of amount reflected from Form GSTR-1 of ur vendors if they will file on time.

For example, In the March month return u will have only two inward supply from 'A' and 'B'. 'A' is filing his Form GSTR-1 on time but 'B' is filing late. So in this case both the invoices will reflect in 2A but only the invoice from 'A' will reflect in 2B.

debora M (BUSINESS DEVELOPMENT MANAGER) (1697 Points)
Replied 31 March 2021

GSTR-2B provides eligible and ineligible Input Tax Credit (ITC) for each month, similar to GSTR-2A but remains constant for a period. GSTR-2B is available to all normal, SEZ and casual taxpayers

Taxpayers are allowed to take the input tax credit (ITC) based on the details declared by the taxpayer in Table 4 of Form GSTR – 3B: Form GSTR – 2A is an auto-populated form generated in the recipient's login, covering all the outward supplies (Form GSTR – 1) declared by his suppliers.