New Access Technologies offers the most powerful and Advanced GSTR 2A Reconciliation in Tally Prime that comes packed with 5X faster GST reconciliation and intelligence to auto-identify, match entries and assure 100% ITC claim.
GSTR 2B Reconciliation in Tally Prime primarily involves matching the data uploaded by the suppliers with those of the recipient’s purchase data. This basically includes comparing the GSTR-2A auto-populated from suppliers data and the purchase data recorded by the receiver of the supplies. This matching concept also ensures that all the transactions which took place in a particular period have been recorded.
GSTR 2A is an auto-generated read only document which is for information purpose only. GSTR-2B is a new static month-wise auto-drafted statement for regular taxpayers (whether or not opted into the QRMP scheme) introduced on the GST portal. The statement was launched from the August 2020 tax period onwards.
GSTR-2B provides eligible and ineligible Input Tax Credit (ITC) for each month, similar to GSTR-2A but remains constant or unchanged for a period. In other words, whenever a GSTR-2B for a month is accessed on the GST portal, the data in it remains the same without being changed for subsequent changes by their suppliers in later months.
The data in GSTR-2B Reconciliation in Tally is reported in a manner that allows taxpayers to conveniently reconcile ITC with their own books of accounts and records. It will help them in easier identification of documents to ensure the following:
Follow these steps for reconciliation in tally using advanced reconciliation module