GSTR-2B
An auto-generated statement showing the input tax credit available to a taxpayer based on what its suppliers have reported, used as the reference point for ITC reconciliation.
Related terms
- GSTR-1
The monthly or quarterly GST return on which a registered taxpayer reports its outward supplies (sales).
- GSTR-3B
The monthly summary GST return on which a taxpayer declares its tax liability and claims input tax credit.
- Input Tax Credit (ITC)
The GST paid on purchases that a registered business can set off against the GST it owes on its own sales.
- GSTR-9C
A reconciliation statement between the annual return (GSTR-9) and the taxpayer's audited financial statements, applicable above a specified turnover threshold.
Browse every term
231 terms in total, or go deeper with working procedures and worked examples in the resource library.