Step-by-Step Guide to Matching ITC GSTR3B with GSTR-2B Get Practical GST by SLA

Matching Input Tax Credit (ITC) in GSTR-3B with GSTR-2B is essential for accurate GST compliance and to avoid penalties or ITC reversals. With the introduction of the Invoice Management System (IMS) and new rules effective from 2025, the process is now more structured and technology-driven. Here’s a step-by-step guide tailored to current regulations, and how a practical GST course at SLA Consultants India, New Delhi (110011), can help you master this process.

Step-by-Step Guide to Matching ITC in GSTR-3B with GSTR-2B, Get Practical GST Course in Delhi, 110011, by SLA Consultants India, New Delhi,

Step-by-Step Guide to Matching ITC in GSTR-3B with GSTR-2B

1. Download GSTR-2B

• Access the GST portal and download your GSTR-2B statement for the relevant tax period.

• GSTR-2B is generated monthly (typically on the 14th of the following month) and provides a static, document-wise summary of eligible and ineligible ITC based on your suppliers’ filings.

2. Reconcile with Purchase Register

• Match each invoice in your purchase register with the entries in GSTR-2B.

• Identify any mismatches—such as missing invoices, incorrect GSTIN, or values not matching—since only ITC appearing in GSTR-2B is eligible for claim in GSTR-3B.

3. Check for Rejected or Ineligible ITC

• GSTR-2B now clearly flags rejected invoices and ineligible credits, helping you avoid wrongful claims.

• Review section-wise advisories in GSTR-2B to determine which credits are available, need to be reversed, or deferred.

4. Use the IMS Dashboard for Invoice-Level Matching

• From October 2024, the IMS dashboard allows you to compute GSTR-2B and transfer reconciled invoice data into GSTR-3B.

• Perform two-level reconciliation: first, match ITC from your books with GSTR-2B, then align this with the IMS dashboard for the final eligible ITC figure. GST Certification in Delhi

5. Make Adjustments and Corrections

• For discrepancies, contact suppliers to rectify their GSTR-1 filings within the 7-day window to ensure ITC reflects in your GSTR-2B.

• Use the mismatch report tool on the GST portal for efficient tracking and resolution.

6. File GSTR-3B After Reconciliation

• GSTR-3B can now only be filed once GSTR-2B for the period is available, ensuring ITC claims are based on updated and accurate data.

• From January 2025, auto-populated ITC values in GSTR-3B cannot be edited; ensure all corrections are made before filing.

Step-by-Step Guide to Matching ITC in GSTR-3B with GSTR-2B, Get Practical GST Course in Delhi, 110011, by SLA Consultants India, New Delhi,

Why Take a Practical GST Course at SLA Consultants India, New Delhi (110011)?

• Hands-on training in real-time ITC reconciliation using the latest GST portal and IMS features.

• Expert guidance on new compliance rules, auto-reversal regulations, and best practices for ITC claims.

• Job-oriented curriculum for accounting, finance, and GST professionals.

In summary:
Accurate matching of ITC in GSTR-3B with GSTR-2B is now mandatory and system-driven. Regular reconciliation, prompt supplier follow-up, and using IMS tools are crucial for compliance. A practical GST course at SLA Consultants India, New Delhi (110011), ensures you have the skills and confidence to manage ITC claims efficiently under the latest GST regime.