{"id":709,"date":"2021-02-20T08:57:21","date_gmt":"2021-02-20T08:57:21","guid":{"rendered":"https:\/\/www.gstrobo.com\/blog\/?p=709"},"modified":"2022-01-10T13:23:37","modified_gmt":"2022-01-10T13:23:37","slug":"form-gstr-2b-applicability-features-and-due-date","status":"publish","type":"post","link":"https:\/\/gstrobo.com\/blog\/form-gstr-2b-applicability-features-and-due-date\/","title":{"rendered":"Form GSTR-2B Applicability, Features, and Due-Date"},"content":{"rendered":"\n

GSTR-2B is a new auto-drafted ITC statement that is new introduced in the GST eco-system. The concept of GSTR-2B was introduced in August 2020. <\/p>\n\n\n\n

\"form-gstr-2B-applicability-features-and-due-<\/figure><\/div>\n\n\n\n

What is GSTR-2B? <\/h3>\n\n\n\n

Form GSTR-2B is an auto-drafted ITC<\/a> statement that will be generated for every taxpayer based on the details filed by his\/her suppliers in their respective GSTR-1 or GSTR-5, and ITC received through Form GSTR-6<\/a>.\u202f <\/p>\n\n\n\n

In simple words, taxpayers can check the available ITC via GSTR-2B against each detail furnished supplier and the Input Service Distributor (ISD) in their respective GST returns. <\/p>\n\n\n\n

GSTR-2B also contains the following details: <\/p>\n\n\n\n

  1. Import of goods from the ICEGATE; and <\/li>
  2. Any inward supply of goods from SEZ <\/a><\/li><\/ol>\n\n\n\n

    GSTR-2B Applicability <\/h3>\n\n\n\n

    As we have already discussed that GSTR-2B is an auto-drafted ITC statement that gets generated for every taxpayer on the GST portal. To summarize. GSTR-2B is applicable for all registered taxable persons. <\/p>\n\n\n\n

    GSTR-2B Due-Date <\/h3>\n\n\n\n

    GSTR-2B gets auto-drafted on the 12th of the subsequent month. Let us understand this with an example: <\/p>\n\n\n\n

    GSTR-2B for Jan 2022 can be accessed on 12th Feb 2022.\u00a0<\/p>\n\n\n\n

    How to View or Download GSTR-2B on the GST portal? <\/h3>\n\n\n\n

    You can download GSTR-2B by following the below-mentioned steps: <\/p>\n\n\n\n

    Step 1:<\/strong>\u202fLog in to the GST portal using valid credentials.<\/p>\n\n\n\n

    Step 2:<\/strong>\u202fYou then need to choose the \u2018Returns Dashboard.\u2019 <\/p>\n\n\n\n

    Step 3:<\/strong>\u202fSelect the relevant tax period (month and year) and then click on the GSTR-2B tab. <\/p>\n\n\n\n

    Step 4<\/strong>:<\/strong>\u202fClick on the \u2018Download GSTR-2B’ button to view or download GSTR-2B for the chosen tax period. <\/p>\n\n\n\n

    Contents of GSTR-2B <\/h3>\n\n\n\n

    The GSTR-2B contains the following parts: <\/p>\n\n\n\n

    1. Statement showing Input Tax Credit (ITC) that can be claimed and that needs to be reversed.<\/li>
    2. Section-wise advisory that states the action a taxpayer needs to take in GSTR-3B to avail ITC. <\/li>
    3. Document-wise details view and download. <\/li>
    4. Supplier-wise summary details can also be viewed and downloaded. <\/li>
    5. Import details including import from SEZ units and developers.<\/li><\/ol>\n\n\n\n

      Benefits of GSTR-2B <\/h3>\n\n\n\n

      GSTR-2B will help the taxpayer in knowing: <\/p>\n\n\n\n

      1. If ITC is claimed twice against a particular document <\/li>
      2. If ITC is reversed as per the GSTR-3B details <\/li>
      3. If the GST is correctly paid on the transaction attracting a reverse charge <\/li><\/ol>\n\n\n\n

        Features of GSTR-2B <\/h3>\n\n\n\n

        The features of GSTR-2B are: <\/p>\n\n\n\n

        1. Complete ITC details <\/li>
        2. Section-wise summary <\/li>
        3. Supplier wise summary <\/li>
        4. A taxpayer can view, sort, and filter the data as per their convenience. <\/li>
        5. GSTR-2B download and advance search in a case when the file contains more than 1,000 records <\/li>
        6. Hide and view columns in GSTR-2B as per the requirement of a taxpayer <\/li><\/ol>\n\n\n\n

          GSTR-2A and GSTR-2B Difference <\/h3>\n\n\n\n

          Here is a table showing difference between GSTR-2A and GSTR-2B: <\/p>\n\n\n\n

          Parameters<\/strong> <\/td>GSTR-2A<\/strong> <\/td>GSTR-2B<\/strong> <\/td><\/tr>
          Nature<\/strong> <\/td>Keeps on changing as the supplier uploads the documents. <\/td>The details in GSTR-2B does not change as it is auto-drafted based on the data furnished by the supplier or ISD. <\/td><\/tr>
          Frequency<\/strong> <\/td>Monthly <\/td>Monthly <\/td><\/tr>
          Source of Auto-Population<\/strong> <\/td>GSTR-1 GSTR-5 GSTR-6 GSTR-7 GSTR-8 ICEGATE <\/td>GSTR-1 GSTR-5 GSTR-6 ICEGATE <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

          How Can GSTrobo\u00ae Help You? <\/h3>\n\n\n\n

          GSTrobo\u00ae – a division of Binary Semantics<\/a>, is a one-stop GST compliance solution provider offering industry-leading GST<\/a>,\u202fe-way bill<\/a>, and\u202fe-invoicing<\/a>\u202fsoftware. These solutions not only seamlessly integrate with all the ERPs but also automates most of your GST process. So, choose GSTrobo\u00ae to stay GST compliant. <\/p>\n","protected":false},"excerpt":{"rendered":"

          GSTR-2B is a new auto-drafted ITC statement that is new introduced in the GST eco-system. The concept of GSTR-2B was introduced in August 2020.  What is GSTR-2B?  Form GSTR-2B is an auto-drafted ITC statement that will be generated for every taxpayer based on the details filed by his\/her suppliers in their respective GSTR-1 or GSTR-5, … <\/p>\n","protected":false},"author":1,"featured_media":1048,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"ub_ctt_via":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[68],"tags":[218,217,215,216,220,219],"class_list":["post-709","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gst","tag-download-gstr-2b","tag-gstr-2a-and-gstr-2b-difference","tag-gstr-2b","tag-gstr-2b-applicability","tag-gstr-2b-due-date","tag-view-gstr-2b"],"aioseo_notices":[],"featured_image_src":"https:\/\/gstrobo.com\/blog\/wp-content\/uploads\/2021\/06\/form-gstr-2B-applicability-features-and-due-date.png","author_info":{"display_name":"GSTrobo","author_link":"https:\/\/gstrobo.com\/blog\/author\/gstblog\/"},"_links":{"self":[{"href":"https:\/\/gstrobo.com\/blog\/wp-json\/wp\/v2\/posts\/709","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gstrobo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gstrobo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gstrobo.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gstrobo.com\/blog\/wp-json\/wp\/v2\/comments?post=709"}],"version-history":[{"count":6,"href":"https:\/\/gstrobo.com\/blog\/wp-json\/wp\/v2\/posts\/709\/revisions"}],"predecessor-version":[{"id":1631,"href":"https:\/\/gstrobo.com\/blog\/wp-json\/wp\/v2\/posts\/709\/revisions\/1631"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gstrobo.com\/blog\/wp-json\/wp\/v2\/media\/1048"}],"wp:attachment":[{"href":"https:\/\/gstrobo.com\/blog\/wp-json\/wp\/v2\/media?parent=709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gstrobo.com\/blog\/wp-json\/wp\/v2\/categories?post=709"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gstrobo.com\/blog\/wp-json\/wp\/v2\/tags?post=709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}