GSTR-2A of a taxpayer is a monthly auto-populated return that consolidates all purchase details made by him. It is available for every tax period with the ITC details extracted from the GSTR-1 filed by the corresponding suppliers.
GSTR-2A is available to taxpayers on the GST portal for download, usually at the time after the filing of GSTR-1 for the month or quarter around 12th of every month or any day after the due date of quarterly GSTR-1.
GSTR-3B is the summary return filed every month, where the ITC is being claimed on a provisional basis. The GST authorities at the time of examining the details mentioned in the GSTR-3B filed will adopt various means or tools to verify the authenticity of the ITC claimed. GSTR-2A is one such means to check accuracy.
Following are the two main reasons for using GSTR-2A report:
Assists taxpayers for accurate reporting in GSTR-3B:
Ensures 100% ITC claim for a financial year:
Multi-month GSTR-2A report assists businesses to reconcile the input tax credit claimed across the tax periods in a financial year. Some businesses file GST returns in GSTR-1 monthly whereas some file it quarterly. This leads to a delay in reconciliation exercise by a business especially, when the supplier is filing quarterly GSTR-1 as compared to business filing GSTR-3B regularly every month.
Later on, when the updated GSTR-2A is available with such quarterly reported invoice details, the business must do a matching exercise with ITC claimed in GSTR-3B filed till date, to check for any lapses.
ClearTax GST offers easy imports and downloads of GST data for preparation of GST returns.
It provides various options for a user to ingest data to prepare the GSTR-1, GSTR-3B or GSTR-4 in under minutes. Options like excel ingestion or direct integration with ERP are available for importing sales or purchase data into ClearTax GST software.
A user has to import the sales data for GSTR-1 just once. Based on this, the software auto-populates the details into GSTR-3B in a click of a button. Furthermore, the user can fetch GSTR-2A data easily from the GST portal, across months using the ‘Multi month GSTR-2A’ Report. The ‘Advanced Reconciliation Tool’ within the product will help reconcile GSTR-2A with purchase data. It shows differences precisely allowing users to make necessary adjustments in ITC values in GSTR-3B or take any necessary action.
Thus, one can avoid errors and ensure 100% accuracy in reporting of data in GSTR-3B with minimal manual intervention.
ClearTax GST also provides useful insights under the REPORTS section so you can speed through the journey of GST compliance in a hassle-free way!
Download the GSTR-2A data in an excel format for further use.
Follow these steps to download and access to Multi month GSTR-2A data:
Step 1. Login to ClearTax GST portal, select Business(GSTIN) for which you want to download the report. Select ‘Multi month GSTR-2A report’ from a drop down, against a particular GSTIN on the dashboard as follows:
Step 2. Choose the Financial year – For example, choose the FY 2017-18 from dropdown as shown below:
Step 3. Click on ‘Download Multi month Supplier data from GSTN’ – perform a one-time verification with GSTN login credentials.
Step 4. Report gets generated on the screen. Sort the data by applying filters. Click on ‘ Download all invoices as excel’ to get the report in excel format.