GSTR 2B Auto Reconciliation: A Game-Changer in GST Accounting
GSTR 2B is a static, ITC-related statement generated by the GST portal. It reflects the details of ITC available to the taxpayer, based on invoices uploaded by suppliers. For businesses, reconciling GSTR 2B data with their purchase records is essential to ensure accurate ITC claims and avoid discrepancies during GST filing. However, manual reconciliation can be time-consuming, error-prone, and resource-intensive.