Form GSTR-2B an auto-drafted Input Tax Credit (ITC) Statement was enabled by the Central Board of Indirect Taxes and Customs (CBIC) for the month of July 2020

Stay updated! Join our Email Newsletter for exclusive Articles, updates, and announcements.

Join our Email Newsletter

As based on the recommendations of the 39th meeting of the GST Council held on 14th March 2020 which suggested for the introduction of an auto-drafted input tax credit (ITC) statement which would aid in assisting/determining the input tax credit that is available for every taxpayer. Based on an earlier recommendation to adopt and implement the incremental approach of linking the present system of filing of GSTR-3B and GSTR-1 and other significant changes like enhancements in GSTR-2A and its linking to GSTR-3B.

The Form GSTR-2B is an auto-drafted Input Tax Credit (ITC) statement generated for every recipient, based on the information furnished by their suppliers, in their respective Form GSTR-1 & 5 (Non-Resident Taxable Person) and Form GSTR-6 filed by Input Service Distributor (ISD). It is a static statement, generated once on 12th of the following month.

With the help of GSTR-2B, the Taxpayers can now reconcile data with their own set of records and books of accounts. By using the new reconciliation system they can file their Form GSTR-3B, they can ensure that:-

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

Form GSTR-2B consists of the following-

  1. 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).
  2. A summary of ITC not available and is divided into ITC not available and ITC reversal (Table 4).
  3. 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 the current month. Thus, the statement generated on 12th of August will contain data from 00:00 hours of 12th July to 23:59 hours of 11th.
  4. 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. 
  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.

Some Important features-

  • The Taxpayers can now 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 the taxpayer will be sent informing them about the generation of GSTR-2B.

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

With Warm Regards,

CL Bureau.

Stay updated! Join our Email Newsletter for exclusive Articles, updates, and announcements.

Join our Email Newsletter
Notify of

Inline Feedbacks
View all comments