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All you need to know about GSTR-2B Auto-drafted Input Tax Credit (ITC) Statement

It has been observed that many taxpayers were facing issues regarding ITC while filing their GST returns. GST Department has enabled GSTR-2B which is a suppliers-based information auto-populated report which will enable taxpayers to claim and reconcile their ITC in the best and effective manner. This edition will let you know all the relevant aspects that you need to know about GSTR-2B Auto-drafted Input Tax Credit (ITC) statement.

GSTR-2B auto drafted ITC statement

GSTR-2B will be generated for every registered taxpayer on the basis of information furnished by their suppliers in their respective GST returns i.e. Form GSTR-1, GSTR-5 in related with registered Non-resident taxable person, and GSTR-6 monthly return in case of Input Service Distributor (ISD).

On the basis of generated GSTR-2B Auto-drafted Input Tax Credit (ITC), the taxpayer can reconcile data related to Input Tax Credit (ITC) with their own records and books of accounts.

Benefits of reconciliation of ITC as recorded in the books of accounts with the GSTR-2B

  • No duplication of Input Tax Credit (ITC)
  • Reversal of Input Tax Credit (ITC) as per the applicable Law
  • Correct reporting and payment of Reverse Charge

What are the details which will be generated in GSTR-2B?

GSTR-2B covers the details up to the date of generation of GSTR-2B. Under the Summary details taxpayers can see the tabs containing details of “ITC available” and “ITC Not available”.

ITC available GSTR-2B

ITC available

Part A: Credit may be claimed in relevant headings in GSTR-3B

Under Part A, the taxpayers can see the details of all the ITC available which they can claim in their GSTR-3B under the relevant headings.

(A) All other ITC- supplies from the registered taxpayers, the details of which can be corresponding to be entered in 4(A)(5) of GSTR-3B table.

  • B2B Invoices
  • B2B Debit Notes
  • B2B Invoices (Amendment)
  • B2B Debit Notes (Amendment)

(B) Inward Supplies from ISD, the details of ITC has to be entered in the 4(A)(4) of the GSTR-3B table.

  • ISD – Invoices
  • ISD Invoices (Amendment)

(C) Likewise details of ITC of Inward supplies liable for the reverse charge to be entered in 3.1(d)/4(A)(3).

  • B2B Invoices
  • B2B Debit Notes
  • B2B Invoices (Amendment)
  • B2B Debit Notes (Amendment)

(D) In case of imports of goods details of GST credit to be entered in 4(A)(1) of GSTR-3B table.

  • IMPG (Import of goods from overseas)
  • IMPG (Amendment)
  • IMPGSEZ- Import of goods from SEZ
  • IMPGSEZ (Amendment)

Under Part B: ITC reversal – credit may be reversed in relevant heading in GSTR-3B

  1. Others: In case of any ITC to be reversed that can be reflected in field 4(B)(2) of GSTR-3B table.
  2. B2B Credit Notes
  3. B2B Credit Notes (Amendment)
  4. B2B Credit notes (Reverse charge)
  5. B2B Credit notes (Reverse Charge) (Amendment)
  6. ISD – Credit Notes
  7. ISD Credit notes (Amendments)

ITC not available

ITC not available

Part A: contains

  1. All other ITC- supplies from registered person
  • B2B Invoices
  • B2B Debit Notes
  • B2B Invoices (Amendment)
  • B2B Debit Notes (Amendment)

2. Inward Supplies from ISD

  • ISD – Invoices
  • ISD Invoices (Amendment)

3. Likewise details of ITC of Inward supplies liable for reverse charge

  • B2B Invoices
  • B2B Debit Notes
  • B2B Invoices (Amendment)
  • B2B Debit Notes (Amendment)

Part B contains

  1. Others: In case of any ITC to be reversed
  • B2B Credit Notes
  • B2B Credit Notes (Amendment)
  • B2B Credit notes (Reverse charge)
  • B2B Credit notes (Reverse Charge) (Amendment)
  • ISD – Credit Notes
  • ISD Credit notes (Amendments)

You can download the GSTR-2B summary in PDF format or in Excel format.

If you proceed further with “All Tables” this will show you the detailed information invoice wise, party wise etc.

User can select table to view details such as

  1. Taxable Inward supplies received from registered person – B2B
  2. Amendments to previously filed invoices by supplier – B2BA
  3. Debit notes/credit notes (Original) – B2B CDNR
  4. Amendments to previously filed Debit notes/credit notes (Original) – B2B CDNR
  5. ISD Credits
  6. Amendments ISD Credits received – ISDA
  7. Import of goods from overseas on bill of entry – IMPG
  8. Import of goods from SEZ units/ developers on bill of entry – IMPGSEZ

Supplier wise details

supplier wise details in GSTR-2B

Under “Supplier wise Details”, the taxpayer can see the details of all the suppliers such as GSTIN of supplier, Trade/Legal Name, Number of records i.e. the number of invoices entered by such suppliers, taxable value and value of Taxes, GSTR-1/5 period, and the GSTR-1/5 filing date.

Document details

Under “Document details” the taxpayer can see the details of the Invoices furnished by the suppliers against the taxpayer GSTIN such as:

  • GSTIN of supplier
  • Trade/ Legal Name
  • Invoice Number
  • Invoice Type
  • Invoice Date
  • Invoice Value
  • Place of Supply
  • Supply attract reverse charge
  • Total taxable value
  • IGST/CGST/SGST/UTGST/Cess
  • GSTR-1/5 Period
  • GSTR-1/5 Filing date
  • ITC Availability
  • Reason

GSTR-2B will be made available to every registered taxpayer on the 12th of the succeeding month. For example, for the month of August, the statement will be generated and it will be made available to the registered taxpayer on 12th September (i.e. details will be pertaining to the period from 00:00 hours of 12th of the current month (August) to 11th September 23:59 hours)

In case of any changes in the date of filing of GSTR-5/6 under any circumstances, it is advisable to avail the ITC on the basis of self-assessment basis and upon filing of such return after generation of GSTR-2B for the respective month, the taxpayer shall not avail such credit in the subsequent period.

Download advisory on GSTR-2B.

cut-off dates considered for GSTR-2B

CA Devesh Thakur

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