GST: CBIC notifies Auto-drafted ITC Statement in FORM-2B [Read Notification]

GST - CBIC - Auto-drafted ITC Statement - FORM-2B - Taxscan

The Central Board of Indirect Taxes and Customs (CBIC) notified the Central Goods and Services Tax (Thirteenth Amendment) Rules, 2020 which seeks to amend the Central Goods and Services Tax Rules, 2017.

The notification inserted FORM-2B in respect of Auto-drafted Input Tax Credit (ITC) Statement.

The FORM GSTR-2B is a statement which has been generated on the basis of the information furnished by the suppliers in their respective FORMS GSTR-1,5 and 6.

It is a static statement and will be made available once a month. The documents filed by the supplier in any FORMS GSTR-1,5 and 6 would reflect in the next open FORM GSTR-2B of the recipient irrespective of supplier’s date of filing.

Taxpayers are advised to refer FORM GSTR-2B for availing credit in FORM GSTR-3B. However, in case for additional details, they may refer to their respective FORM GSTR-2A (which is updated on a near real time basis) for more details.

The Input tax credit shall be indicated to be non-available in the two scenarios.

Firstly, if the 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.

Secondly, if invoice or debit note where the Supplier (GSTIN) and place of supply are in the same State while the 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 should self-assess and reverse such credit in their FORM GSTR-3B.

It may be noted that FORM GSTR-2B will consist of all the Forms GSTR-1s, 5s and 6s being filed by the suppliers, generally between the due dates of filing of two consequent GSTR-1 or furnishing of IFFs, based on the filing option (monthly or quarterly) as chosen by the corresponding supplier. The dates for which the relevant data has been extracted is specified in the CGST Rules and is also available under the ―View Advisory‖ tab on the online portal.

For example, FORM GSTR-2B for the month of February will consist of all the documents filed by suppliers who choose to file their FORM GSTR-1 monthly from 00:00 hours on 12th February to 23:59 hours on 11th March.

The Details of invoices, credit notes, debit notes, ISD invoices, ISD credit and debit notes, bill of entries etc. will also be made available online and through the download facility.

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