GSTR-2B : Features and Advisory
Features
(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.
Advisory
Section wise instructions of FORM GSTR-2B Summary :
| Heading | Instructions |
| Table 3 ITC Available Part A Section I All other ITC – Supplies from registered persons other than reverse charge | (1.) This section consists of the details of supplies (other than those on which tax is to be paid on reverse charge basis), which have been declared and filed by your suppliers in their FORM GSTR-1 and 5. (2.) Negative credit, if any, may arise due to amendment in B2B– Invoices and B2B – Debit notes. Such credit shall be reversed in Table 4(B)(2) of FORM GSTR-3B. |
| Table 3 ITC Available Part A Section II Inward Supplies from ISD | (1.) This section consists of the details of supplies, which have been declared and filed by an input service distributor in their FORM GSTR-6. (2.) Negative credit, if any, may arise due to amendment in ISD Amendments – Invoices. Such credit shall be reversed in table 4(B)(2) of FORM GSTR-3B. |
| Table 3 ITC Available Part A Section III Inward Supplies liable for reverse charge | (1.) This section consists of the details of supplies on which tax is to be paid on reverse charge basis, which have been declared and filed by your suppliers in their FORM GSTR-1. (2.) These supplies shall be declared in Table 3.1(d) of FORM GSTR-3B for payment of tax. Credit may be availed under Table 4(A)(3) of FORM GSTR-3B on payment of tax. |
| Table 3 ITC Available Part A Section IV Import of Goods | (1.) This section provides the details of IGST paid on import of goods from overseas and inward supply of goods from SEZ units / developers on bill of entry and amendment thereof. These details are updated on near real time basis from the ICEGATE system. (2.) This table contains the data of imports made by you (GSTIN) in the month for which GSTR-2B is being generated for. (3.) The ICEGATE reference date is the date from which the recipient is eligible to take input tax credit. (4.) The table also provides if the Bill of entry was amended. (5.) Information is provided in the tables based on data received from ICEGATE. Information on certain imports such as courier imports may not be available. (6.) This data will be made available from GSTR-2B of August 2020 onwards (i.e. 12th September 2020). |
| Table 3 ITC Available Part B Section I Others | (1.) This section consists of the details of credit notes received and amendment thereof which have been declared and filed by your suppliers in their FORM GSTR-1,5 and 6. (2.) Such credit shall be reversed under Table 4(B)(2) of FORM GSTR-3B. If this value is negative, then credit may be reclaimed subject to reversal of the same on an earlier instance. |
| Table 4 ITC Not Available Part A Section I All other ITC – Supplies from registered persons other than reverse charge | (1.) This section consists of the details of supplies (other than those on which tax is to be paid on reverse charge basis), which have been declared and filed by your suppliers in their FORM GSTR-1 and 5 but satisfy either of the two conditions mentioned at Sr. No. 11 above. (2.) This is for information only and such credit shall not be taken in FORM GSTR-3B. |
| Table 4 ITC Not Available Part A Section II Inward Supplies from ISD | (1.) This section consists of the detail of supplies, which have been declared and filed by an input service distributor in their FORM GSTR-6 but satisfy either of the two conditions mentioned at Sr. No. 11 above. (2.) This is for information only and such credit shall not be taken in FORM GSTR-3B. |
| Table 4 ITC Not Available Part A Section III Inward Supplies liable for reverse charge | (1.) This section consists of the details of supplies liable for reverse charge, which have been declared and filed by your suppliers in their FORM GSTR-1 but satisfy either of the two conditions mentioned at Sr. No. 11 above. (2.) These supplies shall be declared in Table 3.1(d) of FORM GSTR-3B for payment of tax. However, credit shall not be taken in FORM GSTR-3B. |
| Table 4 ITC Not Available Part B Section I Others | (1.) This section consists details the credit notes received and amendment thereof which have been declared and filed by your suppliers in their FORM GSTR-1,5 and 6 but satisfy either of the two conditions mentioned at Sr. No. 11 above. (2.) Such credit shall be reversed under Table 4(B)(2) of FORM GSTR-3B. |
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