CA Surjeet Singh Negi

GsTN has enabled Form GSTR 2B in the GST Portal. GSTR-2B is an auto-drafted Input Tax Credit (ITC) statement generated for every recipient, on the basis of the information furnished by their suppliers, in their respective Form GSTR-1 (filed by regular taxpayers), GSTR-5 (filed by Non-Resident taxable person) and GSTR-6 (filed by ISD).

Salient features :

  • GST Portal view: Refer attached screenshot for your ease of reference
  • Steps to Download: Taxpayers can access their GSTR-2B through: Login to GST Portal > Returns Dashboard > Select Return period > GSTR-2B.
  • Important features: Taxpayers can
    • View or download Summary Statement or Section wise details in excel or PDF format.
    • Taxpayers can view supplier wise summary or document wise details.
    • Email / SMS to taxpayer will be sent informing them about generation of GSTR-2B.
  • It is a static statement, generated once on 12th of following month.
  • GSTR-2B will help taxpayers in the reconciliation and matching of input tax credit periodically as it automatically reflects all inward supplies and corresponding tax paid thereon. Further, this statement will show details of eligible/ineligible input tax credit.
  • Generated Form GSTR-2B consists of:
    • A summary of ITC available as on the date of its generation and is divided into credit that can be availed and credit that is to be reversed (Table 3)
    • A summary of ITC not available and is divided into ITC not available and ITC reversal (Table 4)
  • Comparison of GSTR-2A with GSR-2B
Basis of comparison GSTR-2A GSTR-2B
Dynamic vs Static statement Dynamic statement, since the same is updated on timely basis, whenever the supplier uploads the documents Static statement, since the same is generated on 12th of next month and not impacted due to later changes by supplier
Periodicity Monthly Monthly
Source of information GSTR-1, 5, 6,7, 8 GSTR-1, 5,6, ICEGATE system
ITC on import of goods RCM on import of goods is not reflected in GSTR-2A RCM on import of goods is reflected in GSTR-2B basis the data fetched from ICEGATE system

Note : As per the attached press note issued by CBIC dated 29 August 2020, it has been recommended to refer to GSTR-2B  for the month of July 2020 only for feedback purpose.

GSTN Advisory is as follows:-

ITC Statement Form GSTR-2B, made available on GST Portal for taxpayers

Dated: 29/08/2020

1. GSTR-2B is an auto-drafted Input Tax Credit (ITC) statement generated for every recipient, on the basis of the information furnished by their suppliers, in their respective Form GSTR-1 & 5 and Form GSTR-6 filed by ISD.

2. Taxpayers can now reconcile data generated in Form GSTR-2B, with their own records and books of accounts. Using this reconciliation, they can now file their Form GSTR 3B and they can ensure that

  • no credit is taken twice,
  • credit is reversed as per law, &
  • tax on reverse charge basis is paid.

3. Generated Form GSTR-2B consists of:

  • A summary of ITC available as on the date of its generation and is divided into credit that can be availed and credit that is to be reversed (Table 3)
  • A summary of ITC not available and is divided into ITC not available and ITC reversal (Table 4)

4. It is a static statement, generated once on 12th of following month.

  • It consists of all documents filed by suppliers/ISD in their Form GSTR-1, 5 & 6, between 00:00 hours on 12th day of preceding month to 23:59 hours, on 11th day of current month. Thus, statement generated on 12th of August will contain data from 00:00 hours of 12th July to 23:59 hours of 11th
  • The details filed in GSTR-1 & 5 (by supplier) & GSTR-6 (by ISD) would reflect in the next open GSTR-2B of the recipient irrespective of supplier’s/ISD’s date of filing. For e.g, if a supplier files a document INV-1 dt. 15.07.2020 on 11th August, it will get reflected in GSTR-2B of July (generated on 12th August). If the document is filed on 12th August, 2020 the document will be reflected in GSTR-2B of August (generated on 12th September).

5. It also contains information on imports of goods from the ICEGATE system including data on imports from Special Economic Zones Units / Developers. (This will be made available in GSTR-2B from 12th September 2020 onwards). Reverse charge credit on import of services is not part of this statement and need to be entered by taxpayers in Table 4(A) (2) of FORM GSTR-3B.

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

7. Important features: Taxpayers can

  • View or download Summary Statement or Section wise details in excel or PDF format.
  • Taxpayers can view supplier wise summary or document wise details.
  • Email / SMS to taxpayer will be sent informing them about generation of GSTR-2B.

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I hope you find this update useful and should you wish to enquire about any issue regarding GST law, please feel free to contact me @ expertsgst87@gmail.com

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3 Comments

  1. CA Surjeet Singh Negi says:

    In such case, please avail credit on self assessment basis. However, when such credit appear on a later date GSTR-2B, please don not consider the said credit.

    1. CA Surjeet Singh Negi says:

      In such a case, GSTR-1 may be later than the date of generation of GSTR-2B. Under such circumstances, you can avail input tax credit on a self-assessment basis. However, when such document gets filed and reflected in their next GSTR-2B, you should not claim the same again.
      Trust the same suffice.

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