Goods and Service Tax Network launched auto drafted ITC Statement Form GSTR-2B. GSTR-2B will help in determining amount of eligible credit to some extent. GSTR-2B will be generated for every taxpayer, on the basis of the information furnished by their suppliers, in their respective Form GSTR-1 (return of outward supply) & GSTR-5 (non-resident taxable person) and Form GSTR-6 (input service distributor)) filed by ISD.
What is GSTR-2B ? What GSTR-2B will contain? When GSTR-2B will be generated?
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 non-availability of input tax credit to the taxpayer against each document filed by his supplier.
- Form GSTR-2B will be generated for each month on the 14th day of the succeeding month. For example, for the month of July 2020, the statement will be generated and made available to the registered person on 14th August 2020.
- Please note that Form GSTR-2B will consist of all documents filed by suppliers/ISD in their Form GSTR-1, 5 & 6, between the cut-off dates. It will also consist import data for the period which are received within 13th of the succeeding month.
- In case of monthly Form GSTR-1, the cut-off date is 00:00 hours on 12th of the relevant month to 23:59 hours, on 11th of the succeeding month. Whereas for quarterly Form GSTR-1/IFF, Form GSTR-5 and Form GSTR-6, the cut-off date is 00:00 hours on 14th day of relevant month to 23:59 hours, on 13th day of succeeding month.
Summary of Cut off dates
Return Type |
Cut-off Period for Inclusion in GSTR-2B |
|---|---|
| Monthly GSTR-1 | 00:00 hrs on 12th to 23:59 hrs on 11th of the next month |
| Quarterly GSTR-1/IFF | 00:00 hrs on 14th to 23:59 hrs on 13th of the next month |
| GSTR-5 & GSTR-6 | 00:00 hrs on 14th to 23:59 hrs on 13th of the next month |
| Import Data | Received up to 13th of the succeeding month |
The auto-drafted GSTR-2B will also contain information on import of goods from the ICEGATE system including inward supplies of goods received from Special Economic Zones Units/Developers. It will also have a summary statement which shows all the ITC available and non-available under each section.
With the introduction of GSTR-2B it is very important that every supplier should file GSTR-1, 5 & 6, as the case may be on or before due date, so that everyone who are eligible can take credit on time.
FORM GSTR-2B generation cutoff date revised i.e 13th of day of current month
It may be noted that 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 14th day of the succeeding month
