All About GSTR2B

WHAT IS GSTR2B?

It is an auto drafted ITC statement made available to the tax payer on the basis of information furnished by their suppliers by way of GSTR1/IFF, GSTR5 (non-resident taxable person) and GSTR6 (input service distributer). This statement gives availability and non-availability of ITC to the tax payer with respect to the document filed by the above-mentioned persons.

GENERATION AND AVAILABILITY OF GSTR2B TO ASSESSEE

The process of generation of GSTR2B starts after ending of GSTR1/IFF, GSTR5 and GSTR6 which is midnight, 13th of every month and therefore GSTR2B is available by afternoon, 14th of every month. GSTR2B is a static statement which is made available on 14th day of succeeding month. The details are available online as well as in download mode also.

INPUTS OF GSTR2B

The below mentioned details are available in GSTR2B:

1. Information uploaded/filed by ISD in their GSTR6
2. Information regarding ITC paid on imports of goods uploaded/filed in ICEGATE
3. All the B2B information/documents uploaded/filed in GSTR1, IFF and in GSTR5 by NTRP.

CUT-OFF DATES FOR GSTR2B

The cut-off dates for generation of GSTR2B are on the basis of GSTR1/IFF, GSTR5 and GSTR6. The cut-off dates are as given below:

1. GSTR1/IFF – 11th of succeeding month.
2. GSTR5 – 20th of preceding month.
3. GSTR6 – 13th of succeeding month.

The details furnished by the supplier in their GSTR1/IFF, GSTR5 and GSTR6 would reflect in the next open GSTR2B of the recipient irrespective of the date of the concerned document. For eg. If a supplier furnishes a document IN-001 dated 01.08.2021 in GSTR1 for the month of August 2021 filed on 11th September 2021 then the details of IN-001 will be reflected in GSTR2B for the month of August 2021 generated on 14th September 2021 and not in the month of July 2021.

IGST ON IMPORTS NOT REFLECTING IN GSTR2B

The information on imports of goods from ICEGATE system including supplies of Goods received from Special Economic Zones (SEZs). This information is available in GSTR2B from the month of August 2020. In case any bill of entry is not reflecting in GSTR2B, then the missing details can be obtained from ICEGATE through a self-service function provided by GSTN.

ITC AVAILABLE AND NON-AVAILABILITY SUMMARY IN GSTR2B

The summary of ITC available is captured in TABLE-3 of GSTR2B as on date of generation of GSTR2B and is divided as mentioned below:

1. Part A captures the summary of credit that may be availed in relevant tables of GSTR3B.
2. Part B captures the summary of credit that may be reversed in relevant tables of GSTR3B.

The ITC which is not available is shown in TABLE-4 of GSTR2B that shows the summary of ITC not available as on date of generation of GSTR2B. Credit reflected in this table shall not be entered in TABLE-4(A) of GSTR3B.

ITC shown as not available in TABLE-4(A) covers the following scenarios:

1. Invoice or debit note of the supplier (GSTIN) and place of supply are in the same state while recipient is in another state.
2. Invoice or debit note for supply of good or services or both where the recipient is not allowed for input tax credit as per the provisions of sub-section (4) of Section 16 of CGST Act 2017.
3. There may be other conditions for which ITC may not be available to the taxpayers as per other legal provisions. All taxpayers should self-assess and reverse such credits in GSTR3B.

PERSONAL SUGGESTIONS

Taxpayers are advised to confirm that the data generated in GSTR2B is reconciled with their own records and books of accounts and they shall also ensure that no credit is availed twice for any invoice/document under any circumstances and all ineligible credit has to be reversed as per the GST Act and Rules in GSTR3B.

MEMORANDUM

The conclusions reached and views expressed in the memorandum are matters of opinion. My opinion is based on the understanding of the law and regulations prevailing as of the date of this memorandum and my past experience with the revenue authorities. However, there can be no assurance that the tax authorities or regulators may not take a position contrary to my views. Legislation, its judicial interpretation and the policies of the regulatory authorities are also subject to change from time to time, and these may have a bearing on the advice that I have given. Accordingly, any change or amendment in the law or relevant regulations would necessitate a review of my comments and recommendations contained in this memorandum. My conclusions are based on the completeness and further, this memorandum may not be used or quoted in whole or in part or otherwise referred to in any document or delivered to any other person or entity without my prior written consent.

FOR ANY QURIES AND QUESTIONS

CONTACT

SHAILENDRA M. AGHARKAR

SR. CONSULTANT-TAXATION

MOB-9820529953 / EMAIL-shailendra.gstconsultant@gmail.com