Form GSTR-2B Applicability, Features, and Due-Date

GSTR-2B is a new auto-drafted ITC statement that is new introduced in the GST eco-system. The concept of GSTR-2B was introduced in August 2020. 

What is GSTR-2B? 

Form GSTR-2B is an auto-drafted ITC statement that will be generated for every taxpayer based on the details filed by his/her suppliers in their respective GSTR-1 or GSTR-5, and ITC received through Form GSTR-6.  

In simple words, taxpayers can check the available ITC via GSTR-2B against each detail furnished supplier and the Input Service Distributor (ISD) in their respective GST returns. 

GSTR-2B also contains the following details: 

1. Import of goods from the ICEGATE; and 
2. Any inward supply of goods from SEZ 

GSTR-2B Applicability 

As we have already discussed that GSTR-2B is an auto-drafted ITC statement that gets generated for every taxpayer on the GST portal. To summarize. GSTR-2B is applicable for all registered taxable persons. 

GSTR-2B Due-Date 

GSTR-2B gets auto-drafted on the 12th of the subsequent month. Let us understand this with an example: 

GSTR-2B for Jan 2022 can be accessed on 12th Feb 2022. 

How to View or Download GSTR-2B on the GST portal? 

You can download GSTR-2B by following the below-mentioned steps: 

Step 1: Log in to the GST portal using valid credentials.

Step 2: You then need to choose the ‘Returns Dashboard.’ 

Step 3: Select the relevant tax period (month and year) and then click on the GSTR-2B tab. 

Step 4: Click on the ‘Download GSTR-2B’ button to view or download GSTR-2B for the chosen tax period. 

Contents of GSTR-2B 

The GSTR-2B contains the following parts: 

1. Statement showing Input Tax Credit (ITC) that can be claimed and that needs to be reversed.
2. Section-wise advisory that states the action a taxpayer needs to take in GSTR-3B to avail ITC. 
3. Document-wise details view and download. 
4. Supplier-wise summary details can also be viewed and downloaded. 
5. Import details including import from SEZ units and developers.

Benefits of GSTR-2B 

GSTR-2B will help the taxpayer in knowing: 

1. If ITC is claimed twice against a particular document 
2. If ITC is reversed as per the GSTR-3B details 
3. If the GST is correctly paid on the transaction attracting a reverse charge 

Features of GSTR-2B 

The features of GSTR-2B are: 

1. Complete ITC details 
2. Section-wise summary 
3. Supplier wise summary 
4. A taxpayer can view, sort, and filter the data as per their convenience. 
5. GSTR-2B download and advance search in a case when the file contains more than 1,000 records 
6. Hide and view columns in GSTR-2B as per the requirement of a taxpayer 

GSTR-2A and GSTR-2B Difference 

Here is a table showing difference between GSTR-2A and GSTR-2B: 

Parameters	GSTR-2A	GSTR-2B
Nature	Keeps on changing as the supplier uploads the documents.	The details in GSTR-2B does not change as it is auto-drafted based on the data furnished by the supplier or ISD.
Frequency	Monthly	Monthly
Source of Auto-Population	GSTR-1 GSTR-5 GSTR-6 GSTR-7 GSTR-8 ICEGATE	GSTR-1 GSTR-5 GSTR-6 ICEGATE

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