The Central Board of Indirect Taxes and Customs (CBIC), through Notification No. 20/2024 – Central Tax issued on October 8, 2024, has implemented a key amendment to FORM GSTR-9 under the Central Goods and Services Tax (CGST) Rules, 2017. The update substitutes Input Tax Credit (ITC) details derived from GSTR-2A with those from GSTR-2B, marking a significant shift in the reconciliation process for taxpayers.
Key Amendment
- Before: ITC as per GSTR-2A (Table 3 & 5 thereof)
- After: ITC as per GSTR-2B (Table thereof)
This change specifically impacts Part III, Serial No. 8A of FORM GSTR-9, where auto-populated details of ITC will now be based on the static GSTR-2B statement, effective from November 1, 2024.
Impact
The switch from GSTR-2A, a dynamic form updated in real-time, to the static GSTR-2B aims to simplify ITC reconciliation and provide more accurate data for taxpayers. This change is expected to reduce discrepancies and enhance compliance with GST return filing.
Taxpayers should ensure their systems are updated to align with this new requirement and use GSTR-2B for accurate ITC reporting during the annual return process under FORM GSTR-9.
Official copy of the notification has been attached
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