The Goods and Service Network (GSTN) on 18th October 2021 has issued an advisory for taxpayers on Form GSTR-2B which is an auto-drafted ITC statement, generated for every normal taxpayer on the basis of the information furnished by their suppliers in their respective GSTR-1/IFF, GSTR-5 (non-resident taxable person) and GSTR-6 (input service distributor).
This statement indicates the availability and non-availability of input tax credit to the taxpayer against each document filed by their suppliers and is made available to the taxpayers in the afternoon of 14th of every month.
It may be noted that the process of GSTR-2B generation starts after ending of IFF, GSTR-5 and GSTR-6 due date on 13th midnight and therefore GSTR-2B can be made available to the taxpayer in the afternoon of 14th of the month.
Further, GSTR-2B is a static statement and is made available for each month on the 14 th day of the succeeding month. For example, for the month of July 2020, the statement was generated and made available to the registered person on 14 th August 2020. Details of all the documents in GSTR-2B is made available online as well as through download facility.
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 is made available from GSTR-2B of August 2020. In case any Bill of entry is not being reflected in your GSTR-2B, then you can fetch the missing records from ICEGATE by a self-service functionality provided by GSTN.
