Automated GSTR-2B Matching in TallyPrime 6.1: Save Time & Improve GST Accuracy

Published on: 15-07-2025

 Automated GSTR-2B Matching in TallyPrime 6.1: Save Time & Improve GST Accuracy

Introduction

With the ever-evolving landscape of Goods and Services Tax (GST) in India, businesses need accurate tools to reconcile and manage their GST returns effectively. One of the most critical forms in the GST framework is GSTR-2B, which provides a static statement of Input Tax Credit (ITC). TallyPrime 6.1 now supports dynamic GSTR-2B recalculation, empowering users to auto-adjust their books for maximum ITC accuracy and improved compliance.

In this article, we’ll dive deep into how dynamic GSTR-2B recalculation works in TallyPrime 6.1, why it’s important, and how businesses can leverage it to improve their GST compliance and ITC claims.

What is GSTR-2B?

GSTR-2B is a static monthly auto-drafted ITC statement made available to every GST-registered taxpayer. It is generated on the 14th of every month and includes details from GSTR-1, GSTR-5, and GSTR-6 filed by suppliers.

Key highlights of GSTR-2B:

• Contains eligible and ineligible ITC.
• Helps in ITC reconciliation with purchase records.
• Based on the invoices uploaded by suppliers.

What is Dynamic GSTR-2B Recalculation?

Dynamic GSTR-2B recalculation refers to real-time matching and validation of purchase data with GSTR-2B records. TallyPrime 6.1 enhances this feature by allowing businesses to:

• Import GSTR-2B JSON files directly into Tally.
• Compare imported data with purchase vouchers.
• Identify mismatches or missing documents.
• Auto-update ITC eligibility based on supplier filings.

This capability helps users dynamically update their ITC eligibility, even after books have been recorded.

Why GSTR-2B Reconciliation is Crucial

Reconciliation between books and GSTR-2B is essential because:

• The government allows ITC only if the supplier has filed GSTR-1.
• Discrepancies may lead to blocked ITC or penalties.
• Reconciliation ensures data accuracy and financial control.

By using TallyPrime’s dynamic GSTR-2B recalculation, users can ensure their purchase records are fully aligned with GST portal data.

Step-by-Step Guide to Dynamic GSTR-2B Recalculation in TallyPrime 6.1

Step 1: Download GSTR-2B from the GST Portal

1. Log into www.gst.gov.in.
2. Navigate to Returns > GSTR-2B.
3. Select the desired month and financial year.
4. Click on Download JSON File.

Step 2: Import GSTR-2B JSON File in TallyPrime

1. Open TallyPrime 6.1.
2. Go to Gateway of Tally > Display > Statutory Reports > GST > GSTR-2B.
3. Press Alt + I (Import).
4. Browse and select the downloaded GSTR-2B JSON file.
5. Tally will parse and import all purchase-related GST data.

Step 3: Reconciliation of GSTR-2B with Books

Once imported:

• TallyPrime matches the supplier invoices in books with the GSTR-2B entries.
• Any mismatch in GSTIN, Invoice No., Tax Amount, or Dates is highlighted.
• Reconciliation status: Matched, Mismatch, or Missing in Books.

You can click on any transaction to see:

• Invoice details as per books.
• Corresponding data from GSTR-2B.
• Recommendations for corrective action.

Step 4: Auto-Recalculation of ITC

This is where dynamic recalculation comes into play:

• If a supplier has filed late or corrected their invoices, the imported GSTR-2B will show updated entries.
• TallyPrime automatically adjusts ITC for newly eligible invoices.
• Users can mark ITC as eligible/ineligible based on actual supplier compliance.

This auto-calculation ensures that eligible ITC is never missed, and ineligible ITC is not wrongly claimed.

Key Features of GSTR-2B Reconciliation in TallyPrime 6.1

•  Real-Time Matching: Tally matches books with GSTR-2B in real-time post-import.
•  Invoice-Level Comparison: Drill-down to individual mismatches.
•  Auto-Suggestions: Get suggestions for corrections and book adjustments.
• User Overrides: Manually mark mismatched entries as reconciled (with justification).
•  Audit Trail: Maintain a record of changes and reconciliations for audit purposes.
•  Re-import Flexibility: Re-import GSTR-2B after 14th of each month to see any new filings by suppliers.

Benefits of Using TallyPrime 6.1 for GSTR-2B Reconciliation

1. Saves Time

Manual GST reconciliation is time-consuming. With TallyPrime, a few clicks can reconcile thousands of invoices accurately.

2. Enhances Accuracy

By dynamically recalculating ITC based on official GSTR-2B data, your financial reports are accurate and audit-ready.

3. Avoids ITC Loss

Missing even one supplier filing can mean losing ITC. Dynamic recalculation ensures maximum claimable ITC.

4. Improves Compliance

Stay on top of mismatches and supplier defaults. It keeps your GST returns within the legal framework and reduces the chance of scrutiny or notices.

Best Practices for GSTR-2B in TallyPrime

• ✔ Always download GSTR-2B after the 14th of each month.
• ✔ Import the file regularly to catch any updates from supplier filings.
• ✔ Promptly follow up with vendors on missing or incorrect invoices.
• ✔ Use report filters in Tally to identify ITC-ineligible entries.
• ✔ Lock reconciled months to avoid accidental data changes.

Conclusion

Dynamic GSTR-2B recalculation in TallyPrime 6.1 is a game-changer for GST-registered businesses in India. By combining seamless import functionality, smart reconciliation tools, and real-time ITC adjustment, it significantly reduces manual efforts and ensures maximum ITC eligibility.

If you're still reconciling manually or using outdated methods, now is the perfect time to explore TallyPrime 6.1's GST features and streamline your tax compliance journey.

Need Help with Tally GST Setup?

Get expert guidance and training on TallyPrime GST modules, including GSTR-1, GSTR-2B, and GSTR-3B. Reach out to your Tally service provider or drop us a message for personalized assistance.