GSTR-2B
An auto-generated statement showing the input credit available to a business.
Tax & Compliance
GSTR-3B Glossary
Terms used in the monthly GST summary return and tax payment.
5 terms · Updated 12 November 2026
G2 terms
GSTR-3B
A summary return declaring sales, eligible credit and the tax payable for a month.
I1 term
Input Tax Credit (ITC)
Tax paid on purchases that can be set off against tax payable on sales.
R1 term
Reverse Charge
A case where the buyer, not the supplier, pays the tax to the government.
T1 term
Tax Liability
The total GST a business owes for a period.
No matching terms found.
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