Reconciling GSTR-2B

GSTR-2B is an auto-drafted ITC (Input Tax Credit) statement that is generated on the 12th of every month. The statement is static in nature and does not change based on the actions of the vendors. The source of information for GSTR-2B is GSTR-1, GSTR-5, GSTR-6 and ICEGATE system (Indian Customs Electronic Gateway), hence, it will not contain the TDS and TCS details.

Prerequisite

You’ll need to enable API access for Zoho Books in the GST Portal. If you’ve not enabled it, you can follow these steps:

GST Portal

Notes: If you’ve already configured it, you can skip the above step.

Fetch GSTR-2B Transactions from GSTN

Reconciling GSTR-2B is similar to that of GSTR-2A. Firstly, you’ll have to pull the transactions from GSTR-2B available in the GST portal. Here’s how you can do it:

Select Month Fetch Summary Generate OTP

View Reconciled Transactions

Once the GSTR-2B has been fetched from the GST portal, Zoho Books will automatically categorize the transactions as; all transactions, matched, and partially matched.

There will be two sections, View Return and Reconciliations when you click the transactions.

Section Description Action
Missing in GSTN Transactions that are present in Zoho Books but are not available in the GSTN are displayed under this tab -
Missing in Zoho Books Transactions that are not present in Zoho Books but are available when the GSTR-2B transactions are pulled from GSTN. Create and Match to create a new transaction in Zoho Books and move it to the Matched section.
Partially Matched Transactions in Zoho Books that partially match with those populated from the GSTN. Modify and Match to modify the data in your Zoho Books account.
Matched Transactions pulled from the GSTN that match with the transactions in Zoho Books and the transactions that you’ve matched. -
Reconciled Transactions pulled from the GSTN that match with the transactions in Zoho Books. -
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