CBIC has issued an advisory dated 18-10-2021, for the taxpayers regarding auto drafted ITC statement-GSTR 2B. Advisory has been issued on following points: –
Q.1 When it is generated and made available to taxpayer?
It may be noted that process of GSTR-2B generation starts after ending of IFF, GSTR-5 and GSTR-6 due date on 13th midnight and therefore GSTR-2B can be made available to the taxpayer in the afternoon of 14th of the month. Further, GSTR-2B is a static statement and is made available for each month on the 14 th day of the succeeding month. For example, for the month of July 2020, the statement was generated and made available to the registered person on 14 th August 2020. Details of all the documents in GSTR-2B is made available online as well as through download facility.
Q.2 What are the inputs of GSTR-2B?
- All the B2B information/documents filed by suppliers in their monthly or quarterly GSTR-1, IFF and GSTR-5 filed by NRTP taxpayers.
- Information filed by ISD taxpayers in their GSTR-6.
- Information of ITC of IGST paid on import of goods filed in ICEGATE.
Q.3 What should be done if IGST of imports is not featuring in GSTR-2B?
GSTR-2B also contains information on import of goods from the ICEGATE system including inward supplies of goods received from Special Economic Zones Units / Developers. This is made available from GSTR-2B of August 2020. In case any Bill of entry is not being reflected in your GSTR-2B, then you can fetch the missing records from ICEGATE by a self-service functionality provided by GSTN. A detailed advisory is already issued in this respect which can be accessed at GST portal.
Q.4 What about reverse charge entries?
It may be noted that reverse charge credit on import of services is not a part of this statement and will be continued to be entered by taxpayers in Table 4(A)(2) of FORM GSTR-3B. However, reverse charge on import of goods is auto populated from ICEGATE.
Q.5 What does taxpayers need to ensure?
Taxpayers are advised to ensure that the data generated in GSTR-2B is reconciled with their own records and books of accounts. Taxpayers shall ensure that
- No credit shall be availed twice for any document under any circumstances.
- Credit shall be reversed as per GST Act and Rules in their FORM GSTR-3B
- Tax on reverse charge basis shall be paid.