GSTR-2A updated with ICEGATE Customs data in part D

GSTR-2A updated with ICEGATE Customs data in part D

GSTR-2A is an Auto Drafted document based on information filed by the seller in his GSTR-1. Central Board of Indirect Taxes (CBIC) has now made available updated GSTR-2A having information of ICEGATE portal in part D of the Form.

The Updated Form GSTR-2A has four Parts:

Part A: Auto Populated from form GSTR-1/5.

Part B: Auto Populated from the form GSTR-6. (Information of ISD (Input Service Distributor Credits)

Part C: Auto Populated from form GSTR-7 and GSTR-8.

Part D: Auto-Populated based on ICEGATE data.

ICEGATE data is the data related to the import of goods by the taxpayer. This Data is present in Bill of Entry Document. Thus Details of Import of goods from overseas and inward supply from SEZ Unit/developers will now be there in Form GSTR-2A.

GSTR-2A updated with ICEGATE Customs data in part D

Matching of ITC in GSTR-3B and GSTR-2A

When Supplier files data in GSTR-1, the same is captured and reflected in GSTR-2A of the buyer. When GSTR-1 filing is delayed or is done incorrectly, the buyer faces reconciliation issues as the ITC (Input Tax Credit) taken by the buyer in GSTR-3B should match with GSTR-2A.

Non-Reconciliation of GSTR-3B and GSTR-2A can lead to the following issues:

• GST authorities have issued notices in Form GST ASMT-10 to a large number of taxpayers. The Authorities have asked taxpayers to reconcile the ITC claimed in a self-declared summary return Form GSTR – 3B and auto-generated Form GSTR – 2A. The taxpayer would be required to reply to such notices or pay the differential amount.
• The differential Amount would be paid along with interest.
• Action has also been taken against evaders claiming ITC on basis of fake invoices.

GSTR-2A and GSTR-2B Comparision

GSTR-2B is an Auto Drafted document based on information filed by the seller in his GSTR-1. It is similar to GSTR-2A, but the only difference is that GSTR-2A is constant for a period, but GSTR-2B is static for a month.

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