Itc credit claim difference adjustment

Form GSTR-2B is auto-generated from the details furnished by the supplier in Form GSTR-1 or Form GSTR-5, or Form GSTR-6. There are chances of various errors like –

• The supplier has wrongly furnished the figures (clerical error);
• The supplier has wrongly reflected the transactions i.e., instead of B2B the transaction is reflected as B2C;
• The supplier has wrongly furnished inter-state transactions as intra-state or vice versa; etc.

Hence, it is important to reconcile the input tax credit as per Form GSTR-3B and Form GSTR-2B.

Steps to reconcile the same are narrated hereunder –

1. Finalize the input tax credit as per Form GSTR-3B;
2. Download Form GSTR-2B from the GST portal;
3. Compare the input tax credit as per Form GSTR-3B and as downloaded in Form GSTR-2B;
4. Carry out all the necessary adjustments to match the input tax credit in Form GSTR-3B with Form GSTR-2B.