Mar 19, 2021
Checklist to maximize ITC Claim | ITC Claim under GST | GSTR 2B and GSTR 2A | Role of GSTR 2B in ITC Claim | ITC Maximization
In Aug 2020, a new auto-drafted statement GSTR 2B was introduced with the objective of making ITC computation easier. Though invoices from GSTR 2A flow into GSTR 2B, unlike GSTR 2A, GSTR 2B is a static return. Erstwhile GSTR 2B was generated on 12th of every month, however with QRMP scheme the monthly filing date for quarterly filers became 13th. Hence GSTR 2B is now generated on 14th and consists of all those invoices file after last generated GSTR 2B.