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

Step-by-Step Guide to Matching ITC in GSTR-3B with GSTR-2B, Get Practical GST Course in Delhi, 110051, by SLA Consultants India, New Delhi, 

Step 1: Download GSTR-2B and GSTR-3B Reports

• Log in to the GST portal (www.gst.gov.in).
• Navigate to ‘Returns Dashboard’ and select the relevant return period.
• Download GSTR-2B (auto-generated ITC statement) and GSTR-3B (summary return for tax payment). GST Course in Delhi

Step 2: Compare ITC in Both Forms

• Open GSTR-2B and check the eligible and ineligible ITC details.
• Compare the total ITC in GSTR-2B with the ITC claimed in GSTR-3B.

Step 3: Identify Mismatches

• Verify if ITC claimed in GSTR-3B is equal to, less than, or more than ITC available in GSTR-2B.
• Check for missing invoices, incorrect amounts, or supplier filing issues.

Step 4: Take Corrective Actions

• If ITC in GSTR-3B is less than GSTR-2B, claim the balance ITC in the next return.
• If ITC in GSTR-3B is more than GSTR-2B, verify purchase invoices and seek corrections from suppliers.
• Follow up with suppliers to file their GSTR-1 correctly so that ITC reflects in GSTR-2B.

Step-by-Step Guide to Matching ITC in GSTR-3B with GSTR-2B, Get Practical GST Course in Delhi, 110051, by SLA Consultants India, New Delhi, 

Step 5: Maintain Reconciliation Records

• Keep a reconciliation sheet for future audits and compliance.
• Use accounting software for automated ITC matching.

Step 6: Report and Adjust Differences in Future Returns

• Adjust ITC differences in the subsequent GSTR-3B filing.
• If excess ITC was claimed, pay the excess amount with interest under Rule 42/43 of GST Rules.

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