Starting January 2025, the Goods and Services Tax ( GST ) ecosystem will witness a noteworthy update with the enhancement of the GSTR-2B Excel module.
The GSTR-2B, an auto-drafted ITC statement, is designed to provide clarity to taxpayers regarding their eligible and ineligible ITC. This document is generated monthly for normal taxpayers, based on information furnished by suppliers in their GSTR-1/IFF, GSTR-5 (non-resident taxable persons), and GSTR-6 (Input Service Distributors). The newly added tables primarily focus on rejected ITC categories to enable taxpayers to identify ineligible credits more efficiently.
Get a Copy of Analysis of GST Returns (Interlinking of returns for compliance enhancement) – Click Here
Here are the six new ITC rejection categories introduced in the GSTR-2B module:
B2B-Rejected: ITC rejected for taxable inward supplies from registered persons.
B2BA-Rejected: ITC rejected for amendments made to previously filed invoices by suppliers.
B2B-CDNR-Rejected: ITC rejected for debit/credit notes (original).
B2B-CDNRA-Rejected: ITC rejected for amendments to previously filed debit/credit notes by suppliers.
ECO-Rejected: ITC rejected for documents reported by e-commerce operators (ECOs) under reverse charge mechanism (u/s 9(5)).
ISD-Rejected: ITC rejected for credits distributed through Input Service Distributors (ISD).
Get a Copy of Analysis of GST Returns (Interlinking of returns for compliance enhancement) – Click Here
The already existing tables are as follows: –
| B2B | Taxable inward supplies received from registered person |
| B2BA | Amendments to previously uploaded invoices by supplier |
| B2B-CDNR | Debit/Credit notes (Original) |
| B2B-CDNRA | Amendments to previously uploaded Credit/Debit notes by supplier |
| ECO | Documents reported by ECO on which ECO is liable to pay tax u/s 9(5) |
| ECOA | Amendments to documents reported by ECO liable to pay tax u/s 9(5) |
| ISD | ISD Credit |
| ISDA | Amendments to ISD Credits received |
| IMPG | Import of goods from overseas on bill of entry |
| IMPGSEZ | Import of goods from SEZ units/developers on bill of entry |
| B2B (ITC Reversal) | ITC Reversed – Others |
| B2BA (ITC Reversal) | Amendments to previously filed invoices by supplier (ITC reversal) |
| B2B-DNR | Debit notes (Original) |
| B2B-DNRA | Amendments to previously uploaded Debit notes by supplier |
These categories have been integrated post-implementation of the IMS (Invoice Matching System) to streamline the ITC verification process. This is expected to enhance the accuracy of taxpayer filings while minimizing errors and misreporting.
Get a Copy of Analysis of GST Returns (Interlinking of returns for compliance enhancement) – Click Here
The GSTR-2B module continues to indicate both the availability and non-availability of ITC, categorized document-wise based on the filings made by suppliers.
Support our journalism by subscribing to Taxscan premium. Follow us on Telegram for quick updates
