- GSTR-2B is an auto-drafted ITC statement which will be generated for every recipient on the basis of the information furnished by their suppliers in their respective GSTR-1,5 and 6. The statement will clearly show input tax credit available and not available for every document filed by any supplier for a recipient.
- It is a static statement and will be made available once a month on the 12th of the month succeeding the month for which the statement is being generated.
- GSTR-2B will consist of all document filed between filing date of GSTR-1 for previous month (M-1) to filing date of GSTR-1 for the current month (M). For example, GSTR-2B generated for the month of July, 2020 will consist of all the documents filed by suppliers in their GSTR-1, 5 and 6 from 00:00 hours on 12th July, 2020 to 23:59 hours on 11th August 2020.
- It also contains information on imports of goods from the ICEGATE system including data on imports from Special Economic Zones Units / Developers. Initially, import of goods data will not be made available from GSTR-2B for July 2020 (generated on 12th August 2020) and will be made available from GSTR-2B of August 2020 (generated on 12th September 2020).
- The dates for which the relevant data has been extracted for generation of GSTR-2B is available under the “View Advisory” tab on the online portal.
- The documents filed by the supplier in any GSTR-1,5 and 6 would reflect in the next open GSTR-2B of the recipient irrespective of supplier’s date of filing. For example, if a supplier files a document INV-1 dt. 15.07.2020 on 11th August 2020, it will get reflected in GSTR-2B of July 2020 (generated on 12th August 2020), however if the document is filed on 12th August 2020, the document will be reflected in GSTR-2B of August 2020.
- Input tax credit shall be indicated to be non-available in the following scenarios: –
- Invoice or debit note for supply of goods or services or both where the recipient is not entitled to input tax credit as per the provisions of sub-section (4) of Section 16 of CGST Act, 2017.
- Invoice or debit note where the Supplier (GSTIN) and place of supply are in the same State while recipient is in another State.
- records and books of accounts. Tax payers shall ensure that:
- No credit shall be taken twice for any document under any circumstances.
- Credit shall be reversed as per GST Act and Rules in their GSTR-3B.
- Tax on reverse charge basis (including tax on import of services) shall be paid.
- GSTR-2B consists of
- Summary Statement which shows all the ITC available and non-available under each section. The advisory given against each section clarifies the action to be taken by the taxpayers in their respective section of GSTR-3B.
- Document level details of all invoices, credit notes, debit notes etc. will also be provided both for viewing and download.
- Cut off Dates and advisory for generation and use of GSTR-2B.
- Taxpayers can access their GSTR-2B through: Login to GST Portal > Returns Dashboard > Select Return period > GSTR-2B
- Unique features provided with GSTR-2B:
- View and download (PDF) Summary Statement.
- Instant section wise details or full download.
- Section wise advisory
- Text Search for all records generated.
- View and filter as required
- Hide / View columns as required.
- Sort data as required.
- Taxpayers with more than 1000 records may either download the full GSTR-2B or do an advance search of records.
Email / SMS to taxpayer informing generation of GSTR-2B.
