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Itc reconciliation with 2b
is there any short way to reconcile Itc of 2b with books . It take 3-5 days for gst reconciliation
Replies (2)
Quick Summary
Import to excel both accounts data and 2B data and use Vlook up using GSTIN
Faster 2B reconciliation:
• Use the GST portal's "GSTR-2B vs purchase register" matching tool (in offline utilities), or download GSTR-2B in Excel or JSON and match it with your purchase register by GSTIN plus invoice number plus taxable value (use VLOOKUP or Power Query in Excel).
• Many accounting tools (Tally Prime's GSTR-2B reconciliation, Zoho, ClearTax, and others) automate this.
• IMS (from October 2024) allows accepting or rejecting invoices before 2B generation. Doing this monthly reduces year-end work.
• Practical: reconcile monthly (not yearly). Then the year-end is quick.
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