What is the difference between GSTR-2A and GSTR-2B?

What is the difference between GSTR-2A and GSTR-2B?

The GSTR-2A and GSTR2B both are the statement which reflects details of input tax credit (ITC) available to the taxpayer. But still there are few differences in GSTR-2A and GSTR-2B; read the entire article to take an informed decision about which return is more preferable to claim an ITC.

Before understanding the difference between GSTR-2A and GSTR-2B lets understand each of them particularly;

Basics of Form GSTR-2A

  • Form GSTR-2A is a system generated i.e., auto-populated return reflects inward supply (purchase related transactions).
  • This form is auto-generated based on the details furnished by supplier/ seller/ counterparty via following returns;

Returns

Filed by
   
Form GSTR-1   
   
Normal Registered Person   
   
Form GSTR-5   
   
Non-resident   
   
Form GSTR-6   
   
Input Service Distributor   
   
Form GSTR-7   
   
Tax Deductor   

Form GSTR-8
   
E-commerce operator liable   to collect the tax.
   
   
  • It also covers the details of import of goods as well as an inward supply of goods from SEZ units/ developers.

Basics of Form GSTR-2B

  • Form GSTR-2B is a system-generated (auto-populated) statement which reflects input tax credit details.
  • The statement gets auto-generated on the 12th of the succeeding month

For Eg. For the month of August, the GSTR-2B will be generated on 12th September.

  • GSTR-2B, is auto-populated on the basis of the following returns furnished by the suppliers/ seller-

Return

Filed by
   
GSTR-1   
   
normal registered person   
   
GSTR-5   
   
non-resident   
   
GSTR-6   
   
input service distributor   

Note: GSTR-2B is also based on Import data as received from ICEGATE.

· The taxpayer can’t make any changes even if incorrect data is showing.

· It is available to download individually table wise.

· It can be saved for the future reference as it can’t be changed by the supplier.

· If data are more than 1000 in number, taxpayer can use the advance search option.

· Lower chance of data duplication if input taken as per GSTR-2A.

· It’s available for the July-2020 onward months, not before that.

Difference between GSTR-2A and GSTR-2B


Parameters for Comparison

GSTR-2A

GSTR-2B
   
Purpose of Statement   
   
An auto-drafted statement that provides input tax   credit (ITC) details to every recipient of supplies, based on the suppliers’   data including changes done later on.   
   
A constant auto-drafted statement that provides   input tax credit (ITC) details to every recipient of supplies, based on the   suppliers’ data for every tax period.   
   
Nature of Statement   
   
Dynamic, as it changes from day to day, as and   when a supplier reports the documents.   
   
Static, as the GSTR-2B for one month, cannot   change based on actions of the supplier taken later on.   
   
Availability of Statement   
   
Monthly   
   
Monthly   
   
Based on   

GSTR-1 or IFF, GSTR-5, GSTR-6, GSTR-7, GSTR-8, ICES

GSTR-1 or IFF, GSTR-5, GSTR-6, ICES
   
Advisory on ITC Claims   
   
Does not consist of information/advisory on the   action a registered buyer needs to take   
   
Consist of an advisory against each section on   whether the ITC is eligible, ineligible or reversal, for the taxpayer to take   action accordingly in his GSTR-3B   
   
When will ITC entries transfer?   

GSTR-1: Saved, filed, or submitted

GSTR-6: Submitted

GSTR-7 and GSTR-8: Filed
   
GSTR-1, GSTR-5, or GSTR-6: Filed   
   
Cut-off date for entries, to view the statement   for a tax period   
   
Not applicable, as it’s a dynamic statement   
   
11th or 13th of the next month (depending on the   return filing frequency)
   
   
   The statement will be generated on the 14th of the succeeding month   
   
Maximum ITC entries that can be viewed on GST   portal   
   
Total of 500 rows   
   
Total of 1,000 rows   
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