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DETAILED ANALYSIS OF GSTR-2B

05/03/2021
DETAILED ANALYSIS OF 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 in their respective GSTR-1/IFF, 5 (non-resident taxable person) and 6 (input service distributor). The statement will indicate availability of input tax credit to the registered person against each document filed by his suppliers.

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

GSTR-2B for a month (M) will contain the details of all the document filed by his suppliers in their respective GSTR-1/IFF, 5 and 6 between the due date of furnishing of GSTR-1/IFF for previous month (M-1) to the due date of furnishing of GSTR-1/IFF for the current month (M). For example, GSTR-2B generated for the month of July, 2020 will contain the details of all the documents filed by suppliers in their GSTR-1/IFF, 5 and 6 from 00:00 hours on 12th July, 2020 to 23:59 hours on 11th August 2020.

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.

GSTR-2B also 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 12th September 2020).

It may be noted that reverse charge credit on import of services is not a part of this statement and will be continued to be entered by taxpayers in Table 4(A)(2) of FORM GSTR-3B.

The documents furnished by the supplier in any GSTR-1/IFF,5 and 6 would reflect in the next open GSTR-2B of the recipient irrespective of the date of issuance of the concerned document. For example, if a supplier furnishes a document INV-1 dt. 15.05.2020 in the FORM GSTR-1/IFF for the month of July, 2020 filed on 11th August 2020, the details of INV-1, dt. 15.05.2020 will get reflected in GSTR-2B of July 2020 (generated on 12th August 2020) and not in the GSTR-2B of May, 2020.

Table 3: ITC Available Summary captures the summary of ITC available as on the date of generation of FORM GSTR-2B. It is divided into following parts:

A. Part A captures the summary of credit that may be availed in relevant tables of FORM GSTR-3B.

B. Part B captures the summary of credit that shall be reversed in relevant table of FORM GSTR-3B.

Table 4: ITC not available summary captures the summary of ITC not available as on the date of generation of FORM GSTR-2B, under the specific scenarios detailed at Sr. No. 11 below. Credit reflected in this table shall not be entered in Table 4(A) of FORM GSTR-3B.

Credit shown as “ITC Not available” in Table 4, Part A covers the following scenarios only: -

i. Invoice or debit note for supply of goods or services or both where the recipient is not entitled to input tax credit as per the provisions of sub-section (4) of Section 16 of CGST Act, 2017.

ii. Invoice or debit note where the Supplier (GSTIN) and place of supply are in the same State while recipient is in another State.

However, there may be other scenarios for which input tax credit may not be available to the taxpayers and the same has not been generated by the system. Taxpayers, are advised to self-assess and reverse such credit in their FORM GSTR-3B.

Taxpayers are advised to ensure that the data generated in GSTR-2B is reconciled with their own records and books of accounts. Tax payers shall ensure that

i. No credit shall be availed twice for any document under any circumstances.

ii. Credit shall be reversed as per GST Act and Rules in their FORM GSTR-3B.

iii. Tax on reverse charge basis shall be paid.

Details of all the documents in GSTR-2B is made available online as well as through download facility.

There may be scenarios where a percentage of the applicable rate of tax rate may be notified by the Government. A separate column will be provided for invoices / documents where such rate is applicable.

Section wise instructions of FORM GSTR-2B Summary:
Heading Instructions
Table 3
ITC Available
Part A Section I
All other ITC - Supplies from registered persons other than reverse charge		 i. This section consists of the details of supplies (other than those on which tax is to be paid on reverse charge basis), which have been declared and filed by your suppliers in their FORM GSTR-1/IFF and 5.

ii. Negative credit, if any, may arise due to amendment in B2B– Invoices and B2B – Debit notes. Such credit shall be reversed in Table 4(B)(2) of FORM GSTR-3B.
Table 3
ITC Available
Part A Section II
Inward Supplies from ISD		 i. This section consists of the details of supplies, which have been declared and filed by an input service distributor in their FORM GSTR-6.

ii. Negative credit, if any, may arise due to amendment in ISD Amendments – Invoices. Such credit shall be reversed in table 4(B)(2) of FORM GSTR-3B.
Table 3
ITC Available
Part A Section III
Inward Supplies liable for reverse charge		 i. This section consists of the details of supplies on which tax is to be paid on reverse charge basis, which have been declared and filed by your suppliers in their FORM GSTR-1/IFF.

ii. 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.
Table 3
ITC Available
Part A Section IV
Import of Goods		 i. This section provides the details of IGST paid on import of goods from overseas and inward supply of goods from SEZ units / developers on bill of entry and amendment thereof. These details are updated on near real time basis from the ICEGATE system.

ii. This table contains the data of imports made by you (GSTIN) in the month for which GSTR-2B is being generated for.

iii. The ICEGATE reference date is the date from which the recipient is eligible to take input tax credit.

iv. The table also provides if the Bill of entry was amended.

v. Information is provided in the tables based on data received from ICEGATE. Information on certain imports such as courier imports may not be available.

vi. This data will be made available from GSTR-2B of August 2020 onwards (i.e. 12th September 2020).
Table 3
ITC Available
Part B Section I
Others		 i. This section consists of the details of credit notes received and amendment thereof which have been declared and filed by your suppliers in their FORM GSTR-1/IFF,5 and 6.

ii. Such credit shall be reversed under Table 4(B)(2) of FORM GSTR-3B. If this value is negative, then credit may be reclaimed subject to reversal of the same on an earlier instance.
 
Table 4
ITC Not Available
Part A Section I
All other ITC - Supplies from registered persons other than reverse charge		 i. This section consists of the details of supplies (other than those on which tax is to be paid on reverse charge basis), which have been declared and filed by your suppliers in their FORM GSTR-1/IFF and 5 but satisfy either of the two conditions mentioned at Sr. No. 11 above.

ii. This is for information only and such credit shall not be taken in FORM GSTR-3B.
Table 4
ITC Not Available
Part A Section II
Inward Supplies from ISD		 i. This section consists of the detail of supplies, which have been declared and filed by an input service distributor in their FORM GSTR-6 but satisfy either of the two conditions mentioned at Sr. No. 11 above.

ii. This is for information only and such credit shall not be taken in FORM GSTR-3B.
Table 4
ITC Not Available
Part A Section III
Inward Supplies liable for reverse charge		 i. This section consists of the details of supplies liable for reverse charge, which have been declared and filed by your suppliers in their FORM GSTR-1/IFF but satisfy either of the two conditions mentioned at Sr. No. 11 above.

ii. These supplies shall be declared in Table 3.1(d) of FORM GSTR-3B for payment of tax. However, credit shall not be taken in FORM GSTR-3B.
Table 4
ITC Not Available
Part B Section I
Others		 i. This section consists details the credit notes received and amendment thereof which have been declared and filed by your suppliers in their FORM GSTR-1/IFF,5 and 6 but satisfy either of the two conditions mentioned at Sr. No. 11 above.

ii. Such credit shall be reversed under Table 4(B)(2) of FORM GSTR-3B.


FAQ ON FORM GSTR-2B

Q.1 What is Form GSTR-2B?

Ans: Form 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/her suppliers in their respective Form GSTR-1 & Form GSTR-5 and ITC received through Form GSTR-6. The statement will indicate availability of Input Tax Credit to the registered person against each document filed by his/her suppliers and the Input Service Distributor (ISD).

Form GSTR-2B also contains information on import of goods from the ICEGATE system including inward supplies of goods received from SEZ Units / Developers.
 

Q.2 What is the use of Form GSTR-2B?

Ans: Form GSTR-2B should be used by taxpayers to take the right input tax credit in respective sections of Form GSTR-3B.


Q.3 Do I as a taxpayer have to file Form GSTR-2B?

Ans: No, you don’t have to file Form GSTR-2B. It is only a read-only static auto-drafted ITC statement which indicates the availability of Input Tax Credit to you against each document filed by your suppliers and ITC received through ISD.

 

Q.4 When will Form GSTR-2B be generated?

Ans: Form GSTR-2B will be generated for each month on the 12th day of the succeeding month. For example, for the month of July 2020, the statement will be generated and made available to the registered person on 12th August 2020.

Example: Form GSTR-2B consists of all documents filed by suppliers/ISD in their Form GSTR-1, 5 & 6, between 00:00 hours on 12th day of preceding month to 23:59 hours, on 11th day of current month. Thus, statement generated on 12th of August will contain data from 00:00 hours of 12thJuly to 23:59 hours of 11thAugust.

Q.5 By when details filed in Form GSTR-1 and Form GSTR-6 would reflect in Form GSTR-2B?

Ans: The details filed in Form GSTR-1 & 5 (by supplier) & Form GSTR-6 (by ISD) would reflect in the next open Form GSTR-2B of the recipient irrespective of supplier’s/ISD’s date of filing. For e.g., if a supplier files a document INV-1 dt. 15.07.2020 on 11th August, it will get reflected in GSTR-2B of July (generated on 12th August). If the document is filed on 12th August, 2020 the document will be reflected in Form GSTR-2B of August (generated on 12th September).

Q.6 Can I as a taxpayer make changes to or add document in my Form GSTR-2B, in case there are any errors or omission in the details uploaded by my supplier taxpayers?

Ans: No, you cannot make any changes or add document to the Form GSTR-2B, as it is a read-only static ITC statement.

 


View and Download Form GSTR-2B


Q.7 Which taxpayers can view Form GSTR-2B?

Ans: Form GSTR-2B is available only for the following types of taxpayers:

  • Normal taxpayers
  • SEZ taxpayers
  • Casual taxpayers


Q.8 How can I view and download Form GSTR-2B statement of a tax period?

Ans: Navigate to Services> Returns > Returns Dashboard > File Returns > GSTR 2B Tile to view and download Form GSTR-2B statement of a tax period.

Note: Form GSTR-2B statement for a particular tax period is available for view and download only after the Form GSTR-2B gets generated for that tax period.


Q.9 Can I as a taxpayer download and keep a copy of my Form GSTR-2B for future reference?

Ans: Yes, Form GSTR-2B for a given tax period will be available for viewing and/or downloading (in Excel and/or JSON formats) in post-login mode on the GST portal.


Q.10 Can I download individual table wise details in Form GSTR-2B?

Ans: Yes, you can download individual table wise details in Form GSTR-2B by clicking Download Excel link available in document details. Such link will be available only when the total number of documents across all tables is upto 1000 documents.

For more than 1000 records, you may either use the advance search option or download the entire file.


Q.11 Should I reconcile my books of accounts with the data generated in FORM GSTR-2B?

Ans: Taxpayers are advised to ensure that the data generated in Form GSTR-2B is reconciled with their own records and books of accounts. Taxpayers must ensure that

i. No credit is availed twice for any document under any circumstances.

ii. Credit is reversed as per GST Act and Rules in their Form GSTR-3B.

iii. Tax on reverse charge basis is paid.


Details in Form GSTR-2B


Q.12 What details are available in Form GSTR-2B summary?

Ans: Form GSTR-2B summary is bifurcated into following two summaries:

ITC Available: A summary of ITC available as on the date of its generation and is divided into credit that can be availed and credit that is to be reversed (Table 3)

ITC not Available: A summary of ITC not available and is divided into ITC not available and ITC reversal (Table 4)

 

Q.13 What details are available in PART-A of ITC Available?

Ans: The PART-A of ITC Available contains details of inward supplies (invoices, debit notes and amendments related to invoices and debit notes) and import of goods received from suppliers, in the following manner:

1. All Other ITC – Supplies from registered persons

  • B2B – Invoices
  • B2B – Debit notes
  • B2B – Invoices (Amendment)
  • B2B – Debit Notes (Amendment)

2. Inward Supplies from Input Service Distributor/ISD

  • ISD – Invoices
  • ISD – Invoices (Amendment)

3. Inward Supplies liable for reverse charge

  • B2B – Invoices
  • B2B – Debit notes
  • B2B – Invoices (Amendment)
  • B2B – Debit Notes (Amendment)

4. Import of Goods

  • IMPG – Import of goods from overseas
  • IMPG (Amendment)
  • IMPGSEZ – Import of goods from SEZ
  • IMPGSEZ (Amendment)
 


Q.14 What details are available in PART-B of ITC Reversal?

Ans: The PART-B of ITC Reversal contains details of credit notes and amendments thereof issued by the suppliers or ISD, in the following manner:

  • B2B – Credit Notes
  • B2B – Credit notes (Amendment)
  • B2B – Credit Notes (Reverse charge)
  • B2B – Credit notes (Reverse charge) (Amendment)
  • ISD – Credit notes
  • ISD Amendment – Credit notes

Q.15 What details are available in PART-A of ITC Not Available?

Ans: The PART-A of ITC Not Available contains details of inward supplies (invoices, debit notes and amendments related to invoices and debit notes) received from suppliers, in the following manner:
 

1. All Other ITC – Supplies from registered persons

  • B2B – Invoices
  • B2B – Debit notes
  • B2B – Invoices (Amendment)
  • B2B – Debit Notes (Amendment)

2. Inward Supplies from Input Service Distributor/ISD

  • ISD – Invoices
  • ISD – Invoices (Amendment)

3. Inward Supplies liable for reverse charge

  • B2B – Invoices
  • B2B – Debit notes
  • B2B – Invoices (Amendment)
  • B2B – Debit Notes (Amendment)
 


Q.16 What details are available in PART-B of ITC Not Available?

Ans: The PART-B of ITC Not Available contains details of credit notes and amendments thereof issued by the suppliers or ISD, in the following manner:

  • B2B – Credit Notes
  • B2B – Credit notes (Amendment)
  • B2B – Credit Notes (Reverse charge)
  • B2B – Credit notes (Reverse charge) (Amendment)
  • ISD – Credit notes
  • ISD Amendment – Credit notes

Q.17 How are amendments taken into account for summary tables?

Ans: Summary wise details of all amendment tables in Form GSTR-2B displays the differential tax amount (Amended – Original), i.e., the delta value. However, the document details will display revised details with reference to the original document.

 

ITC Eligibility – Form GSTR-2B


Q.18 Whether taxpayer is eligible to take credit / ITC on all the supplies auto-drafted in Form GSTR-2B?

Ans: Taxpayers would be eligible to avail input tax credit based on the ITC indicated in Form GSTR-2B, as per availability/ eligibility of ITC. However, there may be other scenarios for which Input Tax Credit may not be available to the taxpayers and the same has not been generated by the system in Form GSTR-2B. Taxpayers, are advised to self-assess and reverse or take such credit in their Form GSTR-3B.


Q.19. What are the different scenarios where ITC is not available?

Ans: Only in the following scenarios, ITC availability is shown as No in Form GSTR-2B: –

i. Invoice or debit note for supply of goods or services or both where the recipient is not entitled to Input Tax Credit.

ii. Invoice or debit note where the Supplier (GSTIN) and place of supply are in the same State, while recipient is in another State.

 

Additional Features – Form GSTR-2B

Q.20 Which are the columns as a taxpayer I can hide and show?

Ans: On selection, a taxpayer can hide and show all the columns except:

a. GSTIN of supplier / ISD

b. Taxable value

c. Integrated Tax

d. Central Tax

e. State Tax

Q.21 When will the Advance search option be enabled?

Ans: If the number of records across all tables of Form GSTR-2B is more than 1000 documents, then advance search option will be enabled. By using this option, taxpayers can view a particular document.


Q.22 Where can a taxpayer view the cut off dates in Form GSTR-2B?

Ans: Taxpayer can view cut off dates in Form GSTR-2B page under View Advisory.

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