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GSTSep 28, 2023•10 min read

Reconciling GSTR-2B: A Step-by-Step Practical Workflow

Avoid ITC loss. Learn how to automate reconciliation between your purchase register and the GSTR-2B portal report.

C

CA Arvind Sharma

Senior Partner, Taxation

Reconciling GSTR-2B: A Step-by-Step Practical Workflow

Bridging the ITC Gap

GSTR-2B is a static auto-drafted ITC statement generated on the 14th of every month. Reconciling your books with GSTR-2B is no longer optional—it is a mandatory exercise to maximize your Input Tax Credit and prevent cash flow bleed.

The Reconciliation Workflow

  1. Data Consolidation: Export your purchase register from your ERP and download the JSON/Excel of GSTR-2B from the portal.
  2. Invoice Matching: Run automated scripts or use IMPOST INDIA's reconciliation engine to match Invoice Numbers, Dates, and Taxable Values.
  3. Exception Handling: Identify missing invoices. These represent suppliers who haven't filed their GSTR-1. Follow up aggressively before the monthly cutoff.
  4. ITC Deferment: Park the ITC for unmatched invoices in an un-availed ledger and only claim them in the month they finally appear in 2B.