GSTR-2B is an auto-drafted statement that contains details about the Input Tax credit and some additional features. It is a static statement which generates on monthly basis. GSTR-2B will be generated on GST Portal for every taxpayer and will be available to download every month, on the 12th day of next month.
Taxpayers can track all the input tax credits available. GSTR-2B will be generated on the basis of GSTR- 1(Return filled by the regular taxpayer), GSTR-5(return filled by Non-Resident Taxpayer) & GSTR-6 (Return filled by Input service distributor), ICEGATE (input tax credit on imports).
A few additional features of GSTR-2B are mentioned below:
- It reflects the ITC paid on import of goods and also provides details about the supplies received from SEZ.
- It contains a summary statement showing Input Tax Credit available and non-available for every section.
- There will be document-wise details such as invoices, credit notes, debit notes, which can be viewed and downloaded.
- It will have the advisory given against each section of GSTR-2B to take respective action.
- It can be viewed and downloaded in a PDF file and the advanced search option is also available.
- Taxpayer receives information through email or SMS about the generation of GSTR-2B.
This is very useful for taxpayers to track all input tax credits for the month/quarter. In case of any discrepancy (i.e respective credit is not reflected), they can directly communicate to the supplier.
