GSTR 2B vs 3B vs Books: Comprehensive Comparison Report

Open your GST software and navigate to the Report section.

Click on See all to view all available reports.

Scroll down to the Comparison Report section and find the 2B vs 3B vs Books Report. Click on it to access the report.

Select your business from the dropdown menu.

Choose the time period for which you want to generate the report. This could be a financial year or any other return period.

Click on Generate report to start the report generation process. : If OTP authentication is active, the software will automatically download the necessary 2B and 3B data from the government portal and generate the report.

You'll then see a detailed comparison of ITC as per GSTR2B, GSTR3B, and your books of accounts.

Review the ITC as outlined in GSTR2B. Here, you'll see the formula used for calculations.

Check the ITC as per GSTR3B, where the formula and total amount of ITC claimed or availed are displayed.

This section of the tutorial details how to view and analyze the Input Tax Credit (ITC) data within your accounting software, focusing on the differences between ITC as per books, GSTR-3B, and GSTR-2B forms.

Review the total ITC available in your books of accounts data as shown in the interface.

Observe the total tax and the values for each month.

Examine the monthly data thoroughly.

Notice the difference in ITC amount as per GSTR-3B and GSTR-2B.

Identify the discrepancies between the ITC claimed in the books and in GSTR-3B, and view the cumulative difference.

Expand all rows to get a detailed view of how the ITC as per GSTR-2B, GSTR-3B, or books has been calculated. This will show the ITC availability, ITC reversal, and other sections in a bifurcated manner for each type of ITC. To gain a comprehensive understanding of the calculation, click on Expand all rows.

This will provide a detailed bifurcation of the ITC calculations.

If needed, collapse all rows to simplify the view.

Alternatively, expand all columns to analyze how the total tax is compiled, showing the breakdown of IGST, CGST, SGST, and Cess.

By expanding both the rows and columns, you can thoroughly analyze the entire comparison report, understanding the detailed tax calculations.

Observe the color coding used in the report to differentiate data types. Positive differences appear in deep pink, negative differences in light pink, data not downloaded in a distinct color, and not applicable data in gray. These color codes help you analyze and distinguish information effectively.

Customize the data display in your report. If you wish to exclude specific data types, such as 2B data, you have the option to hide them.

Continue customizing by choosing which data comparisons to view. For instance, hide the 2B data to focus the comparison between 3B and books.

Further refine your comparison. If you only want to compare the ITC between 2B and 3B, select this specific comparison.

Access detailed download statuses by clicking on the data availability option. This provides a bifurcation similar to other comparison reports, showing detailed statuses for 2B and 3B.

View GSTN connection statuses, including whether OTP is activated. You can also activate the OTP again if needed.

Click on "For Books" to see availability data for the Books of Accounts. Months with available data will be highlighted in sky color, providing a clear visual representation of data availability.

If the option is unavailable, it will be highlighted in Orange.

To import your purchase books data, choose either the Government Template or Clear Template. These templates facilitate the data import process for your purchase documents.

After importing your purchase data for the financial year, the ITC (Input Tax Credit) from the Books of Accounts will automatically be displayed in the report.

To download the report for future reference, click on the Download report option.

For a detailed comparison report of 2B vs 3B vs Books, click on the specified option to download it.

To view the report, click on the Excel sheet where the 2B vs 3B vs Books report is displayed. This sheet provides a detailed comparison of the ITC as per 2B, 3B, and Books of Accounts.

If you prefer to compare only the ITC between 2B and 3B without including the Books of Accounts data, download the 2B vs 3B report by clicking on the designated option. This allows you to focus solely on the comparative analysis of ITC as per 2B and 3B.

View the 2B versus 3B Report, where books of accounts data is unavailable. Instead, the same information displayed on the user interface is presented in this report.

Observe the detailed bifurcation provided for each section within the report.

Examine the 2B versus 3B Report for a comprehensive view.

Use the report to perform a comparative analysis of the Input Tax Credit (ITC) as per 2B and 3B documents.

Return to the software interface to explore more features.

Utilize the 2B versus 3B versus Books Report for a detailed comparative analysis of ITC as per 2B, 3B, and books of accounts for a specific financial year, return period, or month range.

Expand all rows and columns in the report to thoroughly examine all sections and amounts, facilitating an in-depth analysis of the entire report.