What is GSTR-2A
GSTR-2A is a dynamic tax return form that auto-populates based on the e-Invoices generated by suppliers as well as the data reported by them in an ongoing basis. It reflects the inward supplies (purchases) of a GST-registered business, providing details on all purchases made from registered suppliers within a particular period. Unlike GSTR-2B, GSTR-2A is constantly updated as and when suppliers upload their returns, making it a real-time reflection of the purchases.
What is GSTR-2A Reconciliation?
GSTR-2A Reconciliation refers to the process of matching a business’s internal purchase records with the data available in the GSTR-2A form. The purpose of this process is to identify any mismatches or discrepancies between the business's reported purchases and the data uploaded by suppliers.
Why GSTR-2A Reconciliation is important?
Since GSTR-2A provides real-time visibility into purchases, especially through e-Invoices, businesses can track and verify transactions as soon as the suppliers generate e-Invoices. This allows them to validate and correct any discrepancies before the official GSTR-1 filings, making GSTR-2A a critical tool for continuous monitoring.
How to automate reconciliation?
GSTR-2A Reconciliation API enables businesses to reconcile their purchase ledger with the GSTR-2A in simple steps
- Post Reconcile GSTR-2A Job
- Upload GSTR-2B and Purchase Ledger sheet JSON in the signed URLs
- Get Reconcile GSTR-2A Job Status
- Download Reconciliation Report