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Form GSTR 2A is a purchase-related dynamic tax return that is automatically generated for each business by the GST portal and Form GSTR-2B is a new static month-wise auto-drafted statement for regular taxpayers (whether or not opted into the QRMP scheme) introduced on the GST portal.
GSTR-2A and GSTR-2B are two auto-populated returns, which are implemented by the GST (Goods and Services Tax) where: Form GSTR-2A: contains details of auto drafted supplies. Form GSTR-2B – is an Auto drafted ITC (Input Tax Credit) statement.
Find the difference between GSTR-2A (return reflecting inward supplies) and GSTR 2B (Statement reflecting input tax credit) at IndiaFilings. Form GSTR-2A is a system-generated (auto-populated) return reflecting inward supplies (purchase-related transactions).
In this blog post, we'll explore the difference between GSTR 2A and GSTR 2B and what it means for your business. GSTR 2A is a return that is automatically generated for every registered business that is required to file GSTR-1.
Why is there a difference between GSTR-2A and 2B? Yes. The GSTR-2A is a dynamic statement that gets updated whenever a taxpayer’s suppliers file their GST return of outward supplies.
GSTR-2A and 2B are two types of GST returns that businesses are required to file every month. These returns are important for businesses to claim an input tax credit (ITC) on their purchases. GSTR-2A is a read-only, auto-populated document that provides a detailed view of all purchases made.
As a GST registered buyer, you may refer to the GSTR-2A for input tax credit details while filing GSTR-3B and GSTR-9. However, since August 2020, for GSTR-3B preparation, taxpayers must refer to GSTR-2B which is a static version of GSTR-2A.
The main difference between GSTR-2A and GSTR-2B is that while GSTR-2A is a dynamic document, that gets updated in real-time as supplier’s upload their invoice details (i.e., outward supplies), GSTR-2B is a static document that taxpayers can view/download on the 14 th of the following month.
Explore the differences between GSTR 2A and GSTR 2B in our latest blog. Learn how these auto-generated statements impact ITC, compliance, and GSTR 3B preparation.
Nature. GSTR-2A is a dynamic form of statement i.e., the details of inward tax credit continuously keeps on changing, when the supplier uploads the documents/information. Whereas GSTR-2B is a static statement and don’t change with supplier activities.