Import GSTR 2B in Tally PRIME

Import GSTR 2B in Tally PRIME

Managing GST compliance efficiently is crucial for businesses and accountants across India. The GSTR-2B ITC statement provided by the GST portal is a vital source for claiming Input Tax Credit (ITC) accurately. However, manually entering purchase invoices and reconciling GST data in Tally Prime can be tedious and error-prone.

That’s where Nikash software comes in—a powerful GST reconciliation software that helps you import GSTR-2B into Tally Prime effortlessly. This article explains what GSTR-2B is, why it is important, where to download the GSTR-2B file, and how to use Nikash to import GSTR-2B data into Tally Prime seamlessly.

What is GSTR-2B?

GSTR-2B is a monthly, auto-generated static ITC statement from the GST portal. It provides detailed information on all inward supplies such as B2B purchase invoices, credit/debit notes, and input service distributor (ISD) credits relevant for a taxpayer’s GSTIN.

Unlike the dynamic GSTR-2A, GSTR-2B is fixed for the tax period once generated and serves as the authoritative document for ITC claims. It helps businesses ensure that the ITC they claim matches the data reported by their suppliers, reducing discrepancies and GST audit risks.

Why You Need GSTR-2B for GST Compliance

• Accurate ITC Claims: GSTR-2B helps taxpayers claim eligible input tax credits while avoiding excess or ineligible claims.
• GST Reconciliation: It facilitates reconciliation of purchase data between suppliers and recipients, reducing mismatches in returns.
• Audit Compliance: GSTR-2B is widely used by GST authorities during audits to verify ITC claims.
• Ease of Filing GSTR-3B: Using GSTR-2B data makes filing GSTR-3B returns accurate and efficient.

For chartered accountants, tax consultants, and businesses, integrating GSTR-2B data into accounting software like Tally Prime is critical for smooth GST compliance.

Where to Download GSTR-2B

You can download your GSTR-2B file directly from the official GST portal. Follow these steps:

1. Login to GST Portal using your credentials.
2. Navigate to Returns Dashboard.
3. Select the relevant financial period and click on GSTR-2B.
4. Click on Download to get the file in JSON or Excel format.

Nikash software supports importing both JSON and Excel GSTR-2B files for processing.

How to Import GSTR-2B into Tally Prime

Nikash provides a user-friendly process to convert your GSTR-2B data into Tally Prime vouchers with minimal effort. Here’s how:

Step 1: Open Voucher Template

Launch Nikash software and open the Voucher Template screen designed for purchase and ITC import. This template is tailored to match Tally Prime’s voucher structure.

Step 2: Press F1 to Access Import Option

Press the F1 key or click the IMPORT GSTR-2B button to begin importing your GSTR-2B file.

Step 3: Select Your GSTR-2B File

Browse and select the downloaded GSTR-2B JSON or Excel file. Nikash will automatically read all relevant invoice details, including supplier GSTIN, invoice numbers, taxable values, and tax amounts (IGST, CGST, SGST).

Step 4: Review Imported Data in Voucher Template

Once imported, the GSTR-2B data will populate the voucher template, with each invoice appearing as a separate voucher entry. ITC details and tax components are auto-filled to minimize manual errors.

Step 5: Fill Missing Accounting Details

Since GSTR-2B does not provide certain accounting details, you will need to fill in missing columns such as purchase ledger names, freight or expense ledger, and party ledger mappings. This ensures your accounting entries are complete and accurate.

Step 6: Generate Tally-Compatible XML

After verifying and completing the data, use Nikash’s Generate XML feature to create a Tally Prime-compatible XML file containing all your purchase vouchers.

Step 7: Import XML into Tally Prime

Open Tally Prime and navigate to:

Gateway of Tally → Import → Vouchers → XML

Select the XML file generated by Nikash and import it. Your purchase vouchers based on GSTR-2B data will be available in Tally Prime for further processing.

Benefits of Using Nikash Software for GSTR-2B Import

• Save Time: Automate voucher creation by importing GSTR-2B data directly.
• Reduce Errors: Minimize manual data entry mistakes and ensure GST compliance.
• Faster Reconciliation: Match your GST returns with purchase vouchers seamlessly.
• Audit-Ready Accounting: Maintain accurate records aligned with GST portal data.
• User-Friendly Interface: Designed for accountants and business users with simple steps.

Important Notes

While GSTR-2B forms the basis for ITC claims, always verify entries with your supplier invoices before posting in Tally Prime. GSTR-2B does not capture certain accounting details like freight or purchase ledger specifics, so completing these in Nikash ensures full accuracy.

Nikash bridges the gap between GST portal data and Tally Prime accounting, making your GST compliance and reconciliation effortless.

Get Started with Nikash Today

Streamline your GST compliance and improve accounting accuracy by importing GSTR-2B into Tally Prime with Nikash software. If you have questions or need a demo, contact our support team or visit nikash.in.