What is the new Form GSTR-2B in the gst portal?

GSTR-2B is an online auto-computed Input Tax Credit statement.  This form will show availability of input tax credit to the taxpayer against each document filed by his suppliers. It can be viewed online and can also be downloaded in json, pdf and excel files.

Taxpayer can view the form from the month of July 2020. GSTR 2B is a system generated details.

This can be viewed under the dashboard of relevant month returns.

GSTR 2B DASHBOARD
GSTR 2B

GSTR-2B is a static statement. It will be generated each month on the 12th day of the succeeding month. For example, for the month of August 2020, form will be generated and made available to the registered person on 12th September 2020.

Summary Tab in GSTR 2B

Form shows two tabs – one is summary and the other is all tables tab.

The summary tab shows concise view of details while all tables tab shows the detailed supplier wise and invoice wise details.

GSTR 2B ITC AVAILABLE
ITC AVAILABLE

Summary tab is further divided into ITC available tab and ITC not available tab.

ITC Available

GSTR 2B which will be generated for every registered person on the basis of the information furnished by his suppliers in their respective GSTR-1, GSTR 5 and GSTR 6.

It will also contains information on import of goods including inward supplies of goods received from Special Economic Zones Units / Developers through the ICEGATE system.

This shows all the ITC that is available and ITC which is not available.

ITC available is bifurcated into various subheads. Taxpayer can view the credit available in Part A and the credit to be reversed in Part B.

Taxpayer can click on Expand All to view the detailed view of credit which is allowed.

ITC Not Available

GSTR 2B ITC NOT AVAILABLE
ITC NOT AVAILABLE GSTR 2B

The Form GSTR 2B also shows ITC not available though uploaded by supplier due to various reason. This is again divided in two parts.

There might be confusion which supplier is tax compliant and which are not; further the list of invoices being already uploaded, pending and which are not uploaded by the supplier. So to clear them, portal has “All Table” facility too.

All Tables in GSTR 2B

GSTR 2B ALL TABLES VIEW
ALL TABLES

The All Tables facility under Supplier wise details shows Name, GST number of supplier, number of Invoices, Taxable value and Tax amounts under various heads.

This will help them to compare books of accounts with GSTN records.

There is further Document wise details available in this. This enables to verify the data of every invoice. Invoice wise details along with supplier details and taxes can be matched.

GSTR 2B TABLE SELECTION VIEW
TABLE SELECTION GSTR 2B

The details listed above can be separately viewed for all B2B, B2BA, B2B CDNR, ISD credits, Amendments, bill of entry including for sez and developers.

GSTR 2B will help taxpayers to access the right amount of Input tax credit available to them, increase taxes of government and curb non-compliant tax payers out of system.

To learn more click here to contact us…

Complete Guide to Form GSTR-2B
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