ITC mismatch between your purchase register and GSTR-2B is one of the most common reasons for GST notices. From January 2022, ITC can only be claimed to the extent it appears in GSTR-2B. Excess ITC claimed is subject to demand with 24% interest. Kyra Tax performs detailed reconciliation identifying mismatches and advising on recovery options.
Key Benefits
Identify mismatch between purchase register and GSTR-2B
Recover ITC from non-compliant suppliers
Avoid demand for excess ITC claimed
Monthly or quarterly reconciliation reports
Supplier-wise mismatch analysis
Advisory on reversing ineligible ITC
Documents Required
- Purchase register for the period
- GSTR-3B filed for the period
- GSTR-2A and GSTR-2B from GST portal
- Vendor GSTIN list
- Previous reconciliation reports if any
Our Process
Frequently Asked Questions
What is the difference between GSTR-2A and GSTR-2B?
GSTR-2A is dynamic and updates when suppliers file. GSTR-2B is a static monthly document generated on the 14th of each month. ITC entitlement from January 2022 is based on GSTR-2B.
What if supplier has not filed GSTR-1?
Your ITC will not appear in GSTR-2B. You must follow up with the supplier. If they do not comply, you may need to reverse the ITC with interest.
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