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IMS - Not computing GSTR2B

P MURUGAN (ACCOUNTANT) (195 Points)

18 December 2024

Can an assessee file GSTR 3B after only accept the invoices in IMS without computing GSTR2B?

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Rama chary Rachakonda (Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294) (5572 Points)
Replied 18 December 2024

As per the GST Council's recommendations, GSTR-2B is an auto-drafted Input Tax Credit (ITC) statement, which is generated based on the invoices uploaded by suppliers and the data from the Income Tax Department.

To answer your question: - _Filing GSTR-3B without computing GSTR-2B_: Yes, an assessee can file GSTR-3B even if they have only accepted invoices in the Invoice Matching System (IMS) without computing GSTR-2B.

Accepting invoices in IMS_: By accepting invoices in IMS, the assessee is confirming the receipt of goods or services and the corresponding tax liability. -

_GSTR-2B computation_: Although GSTR-2B is an auto-drafted statement, it's essential to review and verify the ITC claimed to ensure accuracy and avoid potential discrepancies.

Before filing GSTR-3B: 1. Verify the invoices accepted in IMS.

2. Review the GSTR-2B statement to ensure accuracy.

3. Reconcile the ITC claimed with the invoices accepted.

4. File GSTR-3B, reporting the correct tax liability and ITC claimed. To avoid potential issues: 1. Regularly review and verify invoices in IMS.

2. Monitor GSTR-2B statements for accuracy.

3. Maintain accurate records of invoices, ITC claimed, and tax payments.

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