A registered dealer itc credit claim difference between books (gstr3b) vs gstr2b as per gst portal f.y 22-23(up to dt:31-12-22) itc credit claim as per gstr3b rs:7,78,546/- itc credit claim as per gstr2b rs:7,75,947/- difference rs:2599/- question: dealer difference between itc adjustment procedure in books and gst returns.
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 –
Finalize the input tax credit as per Form GSTR-3B;
Download Form GSTR-2B from the GST portal;
Compare the input tax credit as per Form GSTR-3B and as downloaded in Form GSTR-2B;
Carry out all the necessary adjustments to match the input tax credit in Form GSTR-3B with Form GSTR-2B.
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