Last updated on September 30th, 2022 at 10:50 am
Detailed Analysis of GSTR 2B
What is GSTR 2B?
GSTR 2B is an auto-drafted static statement that will reflect the summary of the input tax credit which will be bifurcated into an eligible input tax credit and ineligible input tax credit along with reasons of ineligibility.
It will be generated based on the information furnished by suppliers in their respective GSTR-1, GSTR-5 (non-resident taxable person), GSTR-6 (input service distributor), and details of import of goods from ICEGATE.
It is a summary of ITC which will be made available on the 14th of the following month. For e.g. for the month of August 2022, it will be made available on the 14th September 2022.
First GSTR 2B was made available for the month of August 2020.
Is GSTR 2B a return?
GSTR 2B is an auto-drafted ITC statement as per Rule 60(7) of CGST Rules,2017. A CGST Notification no. 82 dated 10th November 2020 was issued wherein Rule 60 of CGST Rules,2017 was substituted w.e.f. 1st January 2021.
GSTR 2B is not a return/statement to be filed by taxpayers. It is an indicative summary statement of ITC that is likely to help the taxpayers in matching the ITC. It can be viewed or downloaded in PDF format as well as excel format from the GSTN portal. An email and SMS will be sent to the taxpayers upon generation of GSTR 2B.
Section 16(2)(aa) crowned GSTR 2B like a king (w.e.f 01.01.2022)
After the introduction of section 16(2)(aa), the taxpayer was left at the mercy of the supplier. Only the eligible input tax credit that is reflected in GSTR 2B can be availed. The recipient is held responsible for the defaults of the supplier.
Click here to read>>> Seamless flow of credit. Myth or Reality? [Sec 16(2)(aa)]
What will GSTR 2B consist of?
Auto drafted Form GSTR-2B will consist of:
Table 3 – A summary of ITC available as of the 14th of the following month which will be bifurcated into
- Credit that can be availed and
- Credit that is to be reversed
Table 4 – A summary of ITC not available as of the 14th of the following month which will be bifurcated into
- ITC not available and
- ITC reversal
Cut-off date for auto-population of ITC in GSTR 2B will be based on the type of supplier
[su_table]
| Type of supplier | Return filed in the prescribed period |
| Normal taxpayer filing monthly GSTR 1 | From the 12th of the month to the 11th of the following month
E.g. For Aug 2022 – 12.08.2022 to 11.09.2022 |
| Normal taxpayer filing quarterly GSTR 1 | From the 14th of the month to the 13th of the following month
E.g. For Aug 2022 – 14.08.2022 to 13.09.2022 |
| Non-Resident Taxpayer filing monthly GSTR 5 | |
| Input Service Distributor filing monthly GSTR 6 |
[/su_table]
The date of filing of the return of your supplier will be reflected in GSTR 2B. It will help in differentiating between compliant and defaulting suppliers.
Can taxpayers claim all the ITC that is reflected in GSTR 2B while furnishing GSTR 3B?
NO.
All the ITC that reflects in GSTR 2B cannot be claimed as all the ITC which reflects may not be pertaining to the same tax period. As it would also contain the details of ITC of previous periods which is already claimed by the taxpayer. You may not be eligible to claim the ITC as it may be blocked as per the provisions of section 17(5) or maybe proportionately allowed as per Rule 42 or 43 of CGST Rules.
Read more about >>> Monthly GSTR 1 and Quarterly GSTR 1
Will ITC from the supplier who files quarterly returns in Form GSTR-1 reflect in GSTR 2B of the relevant tax period?
YES.
The ITC will reflect in the relevant tax period only if the quarterly taxpayer files the details of outward supplies using the Invoice furnishing facility for the first two months of the quarter and files details in Form GSTR 1 for the last month of the quarter.
Read more about >>> Invoice Furnishing Facility
Will ITC from the non-resident taxable person who files the monthly return in Form GSTR-5 reflect in GSTR 2B of the relevant tax period?
YES.
The ITC will reflect in the relevant tax period as for a non-resident taxable person the due date of filing GSTR 5 is the 13th of the following month.
Will the ITC from the input service distributor who files monthly returns in Form GSTR-6 reflect in GSTR 2B of the relevant tax period?
YES
The ITC will reflect in the relevant tax period for an input service distributor as the due date of filing GSTR 6 is the 13th of the following month. If the ISD files the return within the prescribed due date.
Will TDS deducted u/s 51 get reflected in GSTR 2B?
NO
Will TCS collected u/s 52 get reflected in GSTR 2B?
NO
Import of Goods & Services
Will all the ITC pertaining to the import of goods get reflected in GSTR 2B?
NO
All the ITC pertaining to the import of goods will not get reflected in GSTR 2B. Only the details of imports are updated till the 13th midnight by ICEGATE. Details are being updated on GST Portal on a near real-time basis from the ICEGATE system.
If the import of goods is made through courier services will it reflect in GSTR 2B?
For now, the details of ITC for goods that are imported through courier service will not be reflected in GSTR 2B.
If the import of goods is made through the post office will it reflect in GSTR 2B?
For now, the details of ITC for goods that are imported through the post office will not be reflected in GSTR 2B.
If the goods are imported through non-computerized ports (non-EDI ports) will it reflect in GSTR 2B?
For now, the details of ITC for goods that are imported through non-computerized ports (non-EDI ports) will not be reflected in GSTR 2B.
Will the reverse charge credit on the import of services get reflected in GSTR 2B?
NO.
As it is a tax paid on a reverse charge basis and the details are to be furnished by the taxpayer while furnishing GSTR 1 and GSTR 3B.
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