In place of launching the new GST return filing system, the government will try to introduce advanced features to the older system.
In an effort to the same the government has launched form GSTR 2B for the Input Tax Credit. The form will help the government as well as the assessees in matching the input and output of ITC in forms GSTR 3B, GSTR-1, and GSTR 2A, accordingly.
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.
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
Generated Form GSTR-2B consists of:
It is a static statement, generated once on 12th of following month.
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.
Steps to Download:
Taxpayers can access their GSTR-2B through: Login to GST Portal > Returns Dashboard > Select Return period > GSTR-2B.
Important features:
Comparison of GSTR-2A with GSTR-2B:
Points of Comparison |
GSTR-2A |
GSTR-2B |
Nature of Statement |
Dynamic, as it changes from day to day, as and when the supplier uploads the documents. |
Remains static or constant, as the GSTR-2B for one month cannot change based on future actions of the supplier. |
Frequency of Availability |
Monthly |
Monthly |
Source of Information |
GSTR-1, GSTR-5, GSTR-6, GSTR-7, GSTR-8 |
GSTR-1, GSTR-5, GSTR-6, ICEGATE system |
ITC on Import of Goods |
Does not contain these details |
Contains ITC on import of goods as obtained from ICEGATE system (available from GSTR-2B of August 2020 onwards) |