Question ID :
40840
GST 2A vs GST2B
while reconciling our books ITC , kindly suggest , either GST2A or 2B to be considered. what is the basic difference between GST 2A and GST 2B
Posted by
RAM SAMARIA
on
Sep 21, 2020
Filed Under
GST
Answer ID :
80752
GSTR2A is the statement of outward supplies declared by your suppliers in their GSTR1. Rule 36(4) requires that for availing ITC, it should be reflected in your 2A subject to 10% extra. 2A is dynamic. GSTR2B is the statement of eligible and ineligible ITC. It includes the IGST paid on imported goods also. From Aug'20 it is made available, henceforth if you follow 2B, you are not required to to do ITC reco with 2A from year to date, since it is static.
Posted by
CA VASANT K. BHAT on
Sep 22, 2020
Answer ID :
80776
In addition, please note that 2B is not prescribed in the law presently. It is only as a facilitation form to enable easy reconciliation of the credit. Maybe once it gets positive feedback from the trade and industry, it may be made a statutory form for the reconciliations.
Posted by
CA. SHILPI KATARIYA on
Oct 15, 2020