BlogIntroduction to Form -GSTR 2B

1. 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.

2. 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.

3. 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.

4. 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).

5. 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.

6. 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.

7. 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.

8. 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.

9. 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.

10. Taxpayers can access their GSTR-2B through: Login to GST Portal > Returns Dashboard > Select Return period > GSTR-2B

11. 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.