Understanding the Need, Concept & amp; Functionality of GSTR-2B129 (Happy GST series – 24) by CA Rajender Arora
GSTR-2B is available on the portal for the July’2020 to be seen in August 2020 in Return
Dashboard and an advisory over the same has also made available in the portal.
1. What is GSTR-2B?
GSTR-2B is an auto-drafted ITC statement which will be generated for every registered person
on the basis of the information furnished by his suppliers. The statement will indicate availability
of input tax credit to the registered person against each document filed by his suppliers.
2. What is the intention behind GSTR-2B?
The intention is to curb the mal practices of taking ITC which actually is not in pursuance of
Rule 36(4) of CGST Rules, 2017.
3. What is the source of information for GSTR-2B?
GSTR-1, GSTR-5, GSTR-6 alongwith information on import of goods from the ICEGATE system
including inward supplies of goods received from Special Economic Zones Units / Developers
but this will be made available from GSTR-2B of August 2020 (generated on 12th September
2020). It is to be noted that Reverse charge credit on import of services is not a part of this
statement.
4. Does TCS & TDS Credits reflect in GSTR-2B?
No, the detail of TCS & TDS Credits do not reflect in GSTR-2B. This is very much logical
because GSTR-2B reflects the details to be claimed in GSTR-3B. The TCS & TDS Credits are
required to file separately and not to be reflected in GSTR-3B. So there is no pint to reflect
details of TCS & TDS Credits in GSTR-2B.
5. GSTR-2B shall reflect data of which period?
GSTR-2B for a month (M) will contain the details of all the documents filed by his suppliers in
their respective GSTR-1, 5 and 6 between the due date of furnishing of GSTR-1 for previous
month (M-1) to the due date of furnishing of GSTR-1 for the current month (M). For example,
GSTR-2B generated for the month of August, 2020 will contain the details of all the documents
filed by suppliers from 00:00 hours on 12 th August, 2020 to 23:59 hours on 11 th September 2020.
6. From which month GSTR-2B shall be available on portal?
GSTR-2B shall be available on the portal for the month of July’20 and it is made available on
the portal for July’2020.
7. Can we claim monthly ITC on the basis of GSTR-2B?
No. As GSTR-2B shall reflect the details of invoices filed during a specified period but it can
related to any month. For example, August’2020 GSTR-2B can have invoices related to
January’2020 if my supplier has filed his January’2020 GSTR-1 in the month of August’2020.
And if I have already considered the invoice of Jan’2020 in Jan’2020 then I cannot claim it again
on the basis that it is reflecting in GSTR-2B.
8. GSTR-2B is required to file or just to view?
GSTR-2B is not required to be file. It can only be viewed or downloaded from Login to GST
Portal > Returns Dashboard > Select Return period > GSTR-2B.
9. How credit should be availed in case of GSTR-5 (Non-Resident taxable person) and GSTR-6
(Input Service Distributor) its due date is after the date of generation of GSTR-2B?
For GST Related Queries-Contact CA RajenderArora +91-9891112120, carajenderarora@gmail.com
There may be instances where the date of filing of GSTR-5 (Non-Resident taxable person) and
GSTR-6 (Input Service Distributor) may be later than the date of generation of GSTR-2B. Under
such circumstances, taxpayers are advised to avail input tax credit on self-assessment basis.
However, when such document gets filed and reflected in their next GSTR-2B, taxpayers shall
not avail such input tax credit.
10. What is the benefit of GSTR-2B?
It gives an option to do text search of records
Eliminates the requirement of downloading and analyzing data of all the previous months
of the financial year.
Clearly identifies the suppliers who are regular in filing/compliance.
Makes it easy to take credit on import of goods. It removes the requirement to download
data from the ICEGATE portal for import of goods. It removes the scope of error at the
later stage.
Helps in correct filing of returns as it informs which column of GSTR-2A is linked to
which column of GSTR-3B which.
Helps in complying with Rule 36(4)
11. GSTR-2B shall be generated monthly for all?
Yes, GSTR-2B shall be shown on monthly basis irrespective of fact he is required to file monthly
or quarterly GSTR-1.
12. The data will keep on changing or shall be freeze in GSTR-2B?
The GSTR-2B shall freeze on 12 th day of the succeeding month. For example, for the month
of August 2020, the statement will be generated and made available to the registered person on
12 th September 2020.
13. What is the difference between GSTR-2A and GSTR-2B?
Basis GSTR-2A GSTR-2B
Nature of Dynamic Statement Constant Statement
ITC on Import of
Goods
Not available Contains information on import of goods from the
ICEGATE system including inward supplies of goods
received from Special Economic Zones Units /
Developers. This will be made available from GSTR-2B
of August 2020 (generated on 12 th September 2020).
Reverse charge credit on import of services is not a part
of this statement.
Contains details
of Form
GSTR-1, GSTR-5,
GSTR-6, GSTR-7 &
GSTR-8
GSTR-1, GSTR-5, GSTR-6, ICEGATE system in case
of import of goods.
Purpose To show to the details
of supplies filed by
supplier on monthly
basis.
In order to simplify compliance with Rule 36(4), facility is
made available on portal to view the details of supplies
filed by supplier during specified period.
Date of filing Does not reflect Reflect
What data
reflects in
monthly
statement
Reflects the details of
invoices filed by
supplier in his GSTR-
1 for that particular
month
Reflect the details of the invoices filed by supplier during
the specific period irrespective of fact it pertains to which
month.
Law Rule 60(1) Not notified till 30 TH Aug2020. Not mentioned in ACT &
Rules.
14. What are the contents in GSTR-2B?
GSTR-2B Contents as available on the portal are as follows:-
SUMMARY
ITC Available
Part A
All other ITC - Supplies from registered persons – If this is
positive, credit may be availed under Table 4(A)(5) of Form
GSTR-3B. If this is negative, credit shall be reversed under Table
4(B)(2) of Form GSTR-3B. It contains the details on account of :-
B2B – Invoices
B2B - Debit notes
B2B - Invoices (Amendment)
B2B - Debit notes (Amendment)
Inward Supplies from ISD – If this is positive, credit may be
availed under Table 4(A)(4) of Form GSTR-3B. If this is negative,
credit shall be reversed under Table 4(B)(2) of Form GSTR-3B. It
contains the details on account of :-
ISD – Invoices
ISD - Invoices (Amendment)
Inward Supplies liable for reverse charge of GSTR-3B – These
supplies shall be declared in Table 3.1(d) of Form GSTR-3B for
payment of tax. Credit may be availed under Table 4(A)(3) of
Form GSTR-3B on payment of tax. It contains the details on
account of :-
B2B – Invoices
B2B - Debit notes
B2B - Invoices (Amendment)
B2B - Debit notes (Amendment)
Import of Goods – If this is positive, credit may be availed under
Table 4(A)(1) of Form GSTR-3B. If this is negative, credit shall be
reversed under Table 4(B)(2) of Form GSTR-3B. It contains the
details on account of :-
IMPG - Import of goods from overseas
IMPG (Amendment)
IMPGSEZ - Import of goods from SEZ
IMPGSEZ (Amendment)
Part B
Others – If this is positive, credit shall be reversed under Table
4(B)(2) of Form GSTR-3B. If this is negative, then credit shall be
reclaimed subject to reversal of the same on an earlier instance. It
contains the details on account of :-
B2B - Credit Notes
B2B - Credit notes (Amendment)
B2B - Credit notes (Reverse charge)
B2B - Credit notes (Reverse charge) (Amendment)
ISD - Credit notes
ISD - Credit notes (Amendment)
ITC not available
Part A
All other ITC - Supplies from registered persons – Such credit
shall not be taken in Form GSTR-3B. It contains the details on
account of :-
B2B – Invoices
B2B - Debit notes
B2B - Invoices (Amendment)
B2B - Debit notes (Amendment)
Inward Supplies from ISD – Such credit shall not be taken in Form
GSTR-3B. It contains the details on account of :-
ISD – Invoices
ISD - Invoices (Amendment)
Inward Supplies liable for reverse charge – These supplies shall
be declared in Table 3.1(d) of Form GSTR-3B for payment of tax.
However credit will not be available on the same. It contains the
details on account of :-
B2B – Invoices
B2B - Debit notes
B2B - Invoices (Amendment)
B2B - Debit notes (Amendment)
Part B
Others – Credit shall be reversed under Table 4(B)(2) of Form
GSTR-3B. It contains the details on account of :-
B2B - Credit Notes
B2B - Credit notes (Amendment)
B2B - Credit notes (Reverse charge)
B2B - Credit notes (Reverse charge) (Amendment)
ISD - Credit notes
ISD - Credit notes (Amendment)
ALL TABLES – Firstly an option comes to select a table out of the tables mentioned
below. If no particular table is elected then it reflects that data of all tables. After
selecting or not selecting the table, it given an option to view the supplier-wise details or
invoice-wise details. The tables available on the portal are :-
Taxable inward supplies received from registered person - B2B
Taxable inward supplies received from registered person - B2B
Taxable inward supplies received from registered person - B2B
Amendments to previously filed Credit/Debit notes by supplier - B2B CDNRA
ISD Credits
Amendments ISD Credits received - ISDA
Import of goods from overseas on bill of entry – IMPG
Import of goods from SEZ units/developers on bill of entry - IMPGSEZ
Supplier wise Details - Following are the contents in this table:-
S.NO.
GSTIN of supplier
Trade/legal name
Number of records
Taxable Value (₹)
Integrated Tax (₹)
Central Tax (₹)
State/UT Tax (₹)
Cess (₹)
GSTR-1/5/6 Period
GSTR-1/5/6 Filing Date
Documents Details – In these details, options to apply filter or Text search is
given. Following are the contents in this table:-
S.NO.
GSTIN of supplier
Trade/legal name
Invoice Number
Invoice Type
Invoice Date
Invoice Value (₹)
Place of Supply
Supply Attract Reverse Charge
Taxable Value (₹)
Integrated Tax (₹)
Central Tax (₹)
State/UT Tax (₹)
Cess (₹)
GSTR-1/5/6 Period
GSTR-1/5/6 Filing Date
ITC Availability
Reason
Note: - GSTR-2B is user friendly, static and gives an option to text search. This makes it very
useful for the user. Also, the linkage between GSTR-2B and GSTR-3B is given which removes
the possibility of error in entering the data at wrong places in return. This is useful provided we
know how to make it work for us or if we know how to handle it well.
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