Reconciling Input Tax Credit with GSTR 2A and 2B
Input Tax Credit is the tab in Finac's GST module that lists the tax credit a client can claim against its purchases — the counterpart to Outward Supplies, and the figures that ultimately offset a client's output tax liability in GSTR-3B.
On this page
Reconciling against GSTR 2A & 2B
Opening Input Tax Credit
From a client's GST module, select the Input Tax Credit tab. Like Outward Supplies, it defaults to Current FY — switch to Previous FY (or another prior period) using the FY filter if the period you need has already closed.
Input Tax Credit for a client under Previous FY — 5 real entries totalling ₹1,202,243.00 in value and ₹10,570.05 in tax, from five different suppliers.
Reading the credit list
Each row is one purchase invoice recorded against the client, with the supplier's own GSTIN attached — this is what makes the list usable for reconciliation rather than just a purchase log.
|
Column |
What it shows |
|
Supplier name |
Who the client purchased from. |
|
GSTIN |
The supplier's own GST registration number — the key field for matching against GSTR 2A/2B. |
|
Invoice number & type |
The supplier's invoice reference, and whether it's a tax invoice or another document type. |
|
Period |
The month the invoice falls in. |
|
Value / Tax |
The invoice value and the tax credit it carries. |
A TOTAL row at the top sums Value and Tax across every entry in the current filter — a quick check against the input tax credit figure you're about to claim in GSTR-3B.
Reconciling against GSTR 2A & 2B
GST Filings in Finac introduces GSTR 2A and GSTR 2B as the two supplier-reported views a client's own Input Tax Credit list gets reconciled against — GSTR 2A updating continuously as suppliers file, GSTR 2B fixed once generated for a given month. Reconciliation is the practice of matching each Input Tax Credit entry here against what the supplier themselves reported, to confirm nothing was missed or double-counted before a credit is claimed.
Note: Access to the GSTR 2A and GSTR 2B tabs depends on the permission level set for your Finac login — some accounts see "You're not authorized to see this page" when opening them, even with Input Tax Credit fully visible. If you hit that message and expect access, check with your Finac administrator about your account's module permissions.
- Match each supplier GSTIN and invoice in Input Tax Credit against the corresponding entry in GSTR 2A or 2B for the same period.
- Investigate anything in Input Tax Credit with no GSTR 2A/2B match — it may mean the supplier hasn't filed yet, or that a detail (GSTIN, invoice number, value) needs correcting on one side.
- Use GSTR 2B specifically as the stable, month-end reference when finalizing what to actually claim, since it doesn't shift after generation the way GSTR 2A can.
Why is my Input Tax Credit total different from what I see in GSTR-3B?
GSTR-3B's input tax credit figures come from invoices that have gone through the same GSTR-section classification described in Filing GSTR-1 & GSTR-3B — a raw Input Tax Credit entry doesn't automatically flow into GSTR-3B's tables until that step is complete.
My Input Tax Credit tab is empty — why?
Like Outward Supplies, this list is empty for a financial year with no purchase invoices recorded yet. Try switching the FY filter to Previous FY if you're looking for a period that's already closed.
Do I need to reconcile every single invoice manually?
Reconciliation is fundamentally a matching exercise between what's on this list and what suppliers reported in GSTR 2A/2B — for a client with a manageable purchase volume, working GSTIN by GSTIN is usually the fastest way through it.
Related Articles
- GST Filings in Finac
- Filing GSTR-1 & GSTR-3B from Finac