GST Updates
Important highlights
- GSTR-2B is the auto-drafted statement of eligible input tax credit.
- Claim credit only for invoices that are eligible and in your books.
- Reconcile every month, not once a year.
Why reconcile
Claiming credit that does not appear in GSTR-2B, or that is blocked, can lead to notices, interest and reversal. Reconciliation catches vendor mistakes early.
Simple method
Download GSTR-2B, compare it with your purchase register invoice by invoice, follow up with suppliers on missing invoices and keep a note of items to claim later.
Official notification / source: GST Portal
Editorial summary for awareness. Check the official source before acting.