Advisory for Taxpayers on GSTR-2B Form
Recently, the GST authority has issued an Advisory for taxpayers on Form GSTR-2B. This GSTR-2B advisory is meant for taxpayers’ information and guidance purposes only.
What is Form GSTR-2B?
Form GSTR-2B is an auto-generated, read-only ITC statement. It is generated on the basis of the information furnished by your suppliers in their respective GSTR-1, GSTR-5 and ITC received through Form GSTR-6.
Thus, GSTR-2B indicates the availability and non-availability of ITC to you against each document filed by your suppliers and ITC received through ISD.
Recently, GSTIN system is integrated with ICEGATE. So, it also contains information on import of goods from the ICEGATE system including inward supplies of goods received from SEZ Units / Developers.
When GSTR-2B is generated and made available to taxpayer?
Form GSTR-2B auto-generated after the due date of furnishing of IFF, GSTR-5 and GSTR-6.
Its process of generation usually starts on 13th midnight just after ending of IFF, GSTR-5 and GSTR-6 due date. Therefore GSTR-2B can be made available to the taxpayer in the afternoon of 14th of the month.
Further, GSTR-2B is a read-only statement and is made available for each month on the 14th day of the succeeding month.
Let’s take an example, for the month of September 2021, GSTR-2B statement was generated and made available on 14th October 2020.
Taxpayers can view and download the same through GST portal gst.gov.in
Cut-off dates for GSTR-2B Statement generation
As we know that, GSTR-2B consists of all the documents (invoices/notes) filed by suppliers/ISD in their returns – GSTR-1, 5 & 6, between the cut-off dates.
So, Cut-off dates for GSTR-2B generation are based on the due dates of GSTR-1, GSTR-5 and GSTR-6.
In case of monthly GSTR-1 filers: The cut-off date is 00:00 hours on 12th of the relevant month to 23:59 hours, on 11th of the succeeding month.
For example –
Your GSTR-2B generated for the month of September, 2021 contains the details of all the invoices filed by your suppliers in their monthly GSTR-1 from 00:00 hours on 12th September, 2021 to 23:59 hours on 11th October 2021.
In case of quarterly GSTR-1, IFF, GSTR-5 & GSTR-6 filers: The cut-off date is 00:00 hours on 14th day of relevant month to 23:59 hours, on 13th day of succeeding month.
For example –
GSTR-2B generated for the month of September, 2021 contains the details of all the documents filed by your suppliers in their quarterly GSTR-1, IFF, GSTR-5 and 6 from 00:00 hours on 14th September, 2021 to 23:59 hours on 13th October 2021.
How to view and download GSTR-2B Statement
Once the GSTR-2B statement is generated it is made available for taxpayers. Registered person can view and download the same from gst portal.
Steps to view and download GSTR-2B:
- Log on to your account on www.gst.gov.in
- Navigate to Services (menu)
- Click on Returns (sub-menu)
- Click on Returns Dashboard
- Select your return period (from the drop down menu)
- Click on View / Download button
Taxpayers are advised to ensure that the GSTR-2B data must be reconciled with their own records and books of accounts.
You need to ensure that:
- ITC should not be availed twice in any case.
- Any Credit which is mentioned under “ITC Not Available” shall be reversed as per GST Act and Rules in their GSTR-3B.
- Tax, if any on reverse charge basis shall be paid.