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All About GSTR-2B statement

GST24/10/2021 Source: GST

 

What is GSTR-2B

GSTR-2B is an auto-drafted ITC statement which is generated for every normal taxpayer on the basis of the information furnished by his suppliers in their respective GSTR-1/IFF, GSTR-5 (non-resident taxable person) and GSTR-6 (input service distributor). The statement indicates availability and nonavailability of input tax credit to the taxpayer against each document filed by his suppliers.

When it is generated and made available to taxpayer

The 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 are made available online as well as through download facility.

The documents furnished by the supplier in any GSTR-1/IFF, GSTR-5 and 6 would reflect in the next open GSTR-2B of the recipient irrespective of the date of issuance of the concerned document. For example, if a supplier furnishes a document ABC-1 dt. 15.05.2020 in the FORM GSTR-1 for the month of July, 2020 filed on 11th August 2020, the details of ABC-1, dt. 15.05.2020 will get reflected in GSTR-2B of July 2020 (generated on 12th August 2020) and not in the GSTR-2B of May, 2020.

What are the inputs source of GSTR-2B

Type of return file by supplier Detail that will be furnish in return by supplier.
GSTR-1, IFF and GSTR-5 filed by NRTP taxpayers All the B2B invoices and Debit/Credit Notes  filed by suppliers in their return.
GSTR-6 Information filed by ISD taxpayers in their return.
In case of Import of goods. Information of ITC of IGST paid on import of goods filed in ICEGATE.

What is the cut-off date for GSTR-2B generation

 

Type of return Description Example
For monthly GSTR-1 filers Any GSTR-1 filed between the due date of furnishing for previous month (M-1) to the due date of furnishing of GSTR-1 for the current month (M) GSTR-2B generated for the month of Jan, 2021 contains the details of all the documents filed by suppliers in their monthly GSTR-1 from 00:00 hours on 12th Jan, 2020 to 23:59 hours on 11th Feb 2020.
For quarterly GSTR-1/IFF, GSTR-5 and 6 filers Any IFF/GSTR-1/5 and GSTR-6 filed between the due date for previous month (M-1) to the due date of furnishing for the current month (M). GSTR-2B generated for the month of Jan, 2021 contains the details of all the documents filed by suppliers in their quarterly GSTR-1/IFF, GSTR-5 and 6 from 00:00 hours on 14 th Jan, 2021 to 23:59 hours on 13 th Feb 2021.
     

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.

What about reverse charge entries

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.

Where does ITC available and not-available summary shown

(1) ITC Available Summary is captured in Table-3 of GSTR-2B which shows the ITC available as on the date of generation of FORM GSTR-2B. It is divided into following parts:

  1. Part A captures the summary of credit that may be availed in relevant tables of FORM GSTR-3B.
  2. Part B captures the summary of credit that shall be reversed in relevant table of FORM GSTR-3B.

(2) ITC not-available summary is captured in Table 4 of GSTR-2B which shows the summary of ITC not available as on the date of generation of FORM GSTR-2B. Credit reflected in this table shall not be entered in Table 4(A) of FORM GSTR-3B.

(3) Credit shown as “ITC Not available” in Table 4, Part A covers the following scenarios only: -

  1. 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.
  2. Invoice or debit note where the Supplier (GSTIN) and place of supply are in the same State while recipient is in another State.