Quick Summary
Ministry of Finance Launch of GSTR-2B for the month of July 2020 The GST Council, in its 39th meeting held on 14th March 2020, had recommended to adopt and implement the incremental approach of linking the present system of filing of GSTR-3B and GSTR-1 and other significant changes like enhancements in GSTR-2A and its linking to GSTR-3B. One such enhancement that the Council recommended was introduction of an auto-drafted input tax credit (ITC) statement which would aid in assisting / dete
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FAQ :
GSTR-2B is an auto-drafted Input Tax Credit (ITC) statement that is generated monthly for registered persons. It details the ITC available to taxpayers based on information filed by their suppliers.
GSTR-2B for the month of July 2020 has been made available on the common GST portal.
GSTR-2B is designed to help reduce the time taken to prepare returns, minimise errors, assist with reconciliation, and simplify compliance related to filing tax returns.
It includes a summary of available and non-available ITC, document-level details of invoices, credit notes, and debit notes, and advice on actions taxpayers need to take in their GSTR-3B.
Taxpayers can provide feedback by comparing their GSTR-2B for July 2020 with the credit they availed and raising a ticket on the self-service portal (https://selfservice.gstsystem.in/).
GSTR-2B is a static statement that is made available for each month on the 12th day of the succeeding month.
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