GSTR-2B is going to be such an auto-drafted ITC statement which will be generated for every registered person on the basis of the information furnished by his suppliers in their GSTR-1, 5 (Non-Resident Taxable Person) and 6 (Input Service Distributor). It is a static statement and will be made available for each month, on the 12th day of the succeeding month. It is expected that GSTR-2B will help in reduction in time taken for preparing the return, minimizing errors, assist reconciliation, and simplify compliance relating to the filing of returns. Key features in GSTR-2B which would assist taxpayers in return filing are as under-

  • It contains information on the import of goods from the ICEGATE system including inward of supplies of goods received from Special Economic Zone units/ Developers. This is not available with the release of GSTR-2B for the month of July and will be made available shortly.
  • A summary statement that shows all the ITC available and non- available under each section. The advisory given against each section clarifies the action to be taken by the taxpayers in their respective sections of GSTR-3B.
  • Document-level details of all invoices, credit notes, debit notes also provided both for viewing and download.

GSTR-2B for the month of July 2020 has been made available on the common portal on a trial basis. Since this is the first time that the statement is being introduced, taxpayers are advised to refer to GSTR-2B for the month of July 2020 only for feedback purposes.

All taxpayers are should go through their GSTR-2B for July 2020 and after comparing the same with the credit availed by them in July 2020, provide feedback (if any) on any respect of GSTR-2B by raising a ticket on the self-service portal. All taxpayers are advised to view the detailed advisory relating to GSTR-2B on the common portal before using the statement.

Taxpayers can access their GSTR-2B through: Login to GST Portal > Returns Dashboard > Select Return period > GSTR-2B.

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