A new Auto-generated, ITC statement has been introduced in the GST portal – The GSTR -2B which is available to all regular taxpayers from tax period July 2020 which is made available on trial basis, in the month of August 2020. GSTR 2B contains information relating to ITC available to a Taxpayer for a particular month.Rule 36(4), specifies that the Input Tax Credit claimed by a person for invoices not uploaded by Vendors cannot exceed by more than 10% the Input Tax Credit for invoices uploaded by Vendors in their GSTR 1 Returns. Pursuant to this, the 39th GST Council Meeting, it had been recommended to implement linking of GSTR1 & GSTR 2A with GSTR 3B. GSTR 2B is to enable the tax payer to comply with the Rule 36(4).
GSTR 2B: An overhaul of the Itc Mechanism
|Notfns - CT dt. 10.11.2020||Amendments|
|83/2020||Due date for GSTR 1 in case of QRMP|
|84/2020||Deemed Option for QRMP|
|85/2020||Payment of Tax for persons opted for QRMP|
GSTR 2B - OverviewUnlike GSTR 2A, GSTR 2B is a static Statement, which does not change once it is generated for a period. The ITC information in GSTR 2B, is based on the GSTR-1(and Invoice Furnishing Facility for the first 2 months, for those taxpayers availing QRMP)filed by Vendors for the said month. The details of input tax credit shall be made available to the registered person in FORM GSTR-2B, shall consist of-
Steps to download GSTR-2B from the GST Portal
- Step 1: Log in to the official GST portal.
- Step 2: Go to the ‘Returns Dashboard’.
- Step 3: Choose the relevant tax period (Month and Year)
- Step 4: Click on form ‘GSTR-2B’
- Step 5: Click on the ‘Download’ button then the taxpayer can save the statement.
Comparison - GSTR-2A and GSTR-2B
|Point of Contention||GSTR-2A||GSTR-2B|
|Information Sources||GSTR-1, GSTR-5, GSTR-6. Further, GSTR-7, GSTR-8 (TDS / TCS)||GSTR-1, GSTR-5, GSTR-6, ICEGATE|
|ITC on import of goods||Unavailable||Available, including Import of Goods from SEZ Units/Developers|