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<h1>Monthly Guide to GSTR-2B: Understand ITC Availability, Reversal under Rule 37A, and Reconciliation with Supplier Data</h1> The structure and instructions for the Auto-drafted ITC Statement, FORM GSTR-2B, which is generated monthly based on supplier data from various GST forms including GSTR-1, IFF, GSTR-1A, GSTR-5, GSTR-6, and import data from ICEGATE. It details the available and non-available input tax credit (ITC) and advises taxpayers on how to reconcile this with their records. The statement includes sections on ITC available, ITC not available, and ITC reversal under Rule 37A, with specific instructions for reporting and availing credits on the GST portal.
TaxTMI