All About GSTR-2B

In pursuance to the 39th Council meeting held on 14th March 2020 to enhance the facilities at GST portal and giving ready-made ITC statement to the taxpayers to file GSTR-3B, GSTN has launched GSTR-2B at the GST Portal.

A new statement all together has come out as GSTR 2B, data of which would be auto-populated in Table 4 of GSTR 3B.

  • About GSTR – 2B

It is an auto-drafted ITC statement which will be generated for every registered person (other than composition dealer) based on the information furnished by his suppliers in following GST Returns.

  • GSTR-1 (Regular taxpayers),
  • GSTR-5 (non-resident taxable person) and
  • GSTR-6 (Input service distributors).
  • Cut- off

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.

E.g.For the month ofJuly 2020, the statement will be pre-generated on 12th August 2020. This means the data will beconsidered, 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. Form GSTR-2B will not be updated for oldermonths. It will be generated henceforth only.

  • Insides of GSTR-2B
  • Details of invoices, debit notes & credit notes including amendments, if any, from
    • B2B suppliers
    • Input Service Distributor
    • Non-resident Taxpayers
  • Details of Bill of Entries on account of import of goods from outside India or SEZ Unit/Developer from ICEGATE system.
  • The above details appearing in GSTR-2B would be bifurcated in two parts in summary form as well document level form:
    • Documents on which ITC is available
    • Documents on which ITC not available. Following possible reasons:
      • Invoice or debit note where the recipient is not entitled to input tax credit as per section 16(4) of CGST Act, 2017
      • Invoice or debit note where the supplier (GSTIN) and place of supply are in the same state while the recipient is in another state
      • Any other scenario as mentioned in the GSTR-2B.
  • Comparison B/W Auto-populated GSTR 2A and GSTR 2B
Kind of StatementProgressive, as this changes from day to day, as and if the supplier uploads the documents.Remains static or constant, as the GSTR-2B for one month cannot modify based on future operations of the supplier.
Accessibility of Frequency MonthlyMonthly
Information Source GSTR-1, GSTR-5, GSTR-6, GSTR-7, GSTR-8GSTR-1, GSTR-5, GSTR-6, ICEGATE system
Input Tax Credit on Import of GoodsDoes not carry these factsAccommodates ITC on import of goods as obtained from ICEGATE system (available from GSTR-2B of August 2020 onwards)

This content is meant for information only and should not be considered as an advice or legalĀ  opinion, or otherwise. AKGVG & Associates does not intend to advertise its services through this.

Posted by:

CA Tarun Kapoor

AKGVG & Associates

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