CBIC Updates Form GSTR-9: ITC as per GSTR-2A Replaced with GSTR-2B

The CBIC has updated FORM GSTR-9, replacing Input Tax Credit (ITC) details derived from GSTR-2A with those from GSTR-2B, effective November 1, 2024. This amendment, issued through Notification No. 20/2024 – Central Tax, impacts Part III, Serial No. 8A of FORM GSTR-9. The switch from the dynamic GSTR-2A to the static GSTR-2B aims to simplify ITC reconciliation and provide more accurate data for taxpayers. This change is expected to reduce discrepancies and enhance compliance with GST return filing. Taxpayers are advised to update their systems to align with this new requirement and use GSTR-2B for accurate ITC reporting during the annual return process under FORM GSTR-9.