CBIC notifies Amendment for ITC Reconciliation from GSTR-2B instead of GSTR-2A from GSTR-9

The Central Board of Indirect Taxes and Customs (CBIC) has amended the reconciliation process for Input Tax Credit (ITC) in Goods and Services Tax (GST) Return FORM GSTR-9, shifting from GSTR-2A to GSTR-2B. This update was notified through Notification No. 20/2024 – Central Tax dated October 8, 2024. Previously, taxpayers were required to reconcile the ITC claimed in FORM GSTR-3B with the details in FORM GSTR-2A. Now, the reconciliation process will rely on FORM GSTR-2B, an auto-drafted statement that consolidates all available ITC data for the recipient taxpayer. This change is expected to reduce errors in claiming ITC and simplify compliance with the GST regime. The amendment aligns with the Finance Act’s provisions and ensures that taxpayers only claim ITC as reflected in FORM GSTR-2B, thereby enhancing accuracy and reducing discrepancies in ITC claims.