GSTR 2B Advisory: आप सभी को पता होना चाहिए *

*GSTR 2B Advisory: All you need to Know*

1. CBIC has come up with an *advisory module* of admissible Input Tax Credit at the hands of Taxpayer based on details uploaded by the supplier in their respective GST Returns.

2. Data in GSTR 2B will flow from following types of returns filed by Supplier:

A) *GSTR 1* (Statement of         Outward supply by regular taxpayer), 

B) *GSTR 5* (Registered Non Resident) and

C) *GSTR 6* (Input Service Distrubutor)

3. GSTR 2B shall be a static document i.e the value in GSTR 2B generated will not change once populated, which shall be generated on monthly basis irrespective of whether supplier is filing returns on monthly or quarterly basis.

4. GSTR 2B will be generated on 12th of every month which shall capture data reported by respective suppliers during the period12th of previous month till 11th of current month. Eg. July 20 GSTR 2B will shall generate on 12th August,20 shall capture data reported by respective supplier during the period from 00.00 hrs 12th July,20 to 23:59 hrs of 11th August,20

5. GSTR 2B shall capture following Data reported by respective supplier:

A) ITC from registered supplier's (other than RCM)

B) ITC from input service distributor

C) ITC from registered supplier's under RCM

D) ITC on Import of Goods

E) Credit Notes and Amendments in Invoices 

6. The module is on trial basis and going forward it may replace GSTR 2A for the purpose of calculation of ITC under Rule 36(4) because of following limitations:

A) GSTR 2A is a dynamic documents and therefore ITC of recipient cannot be locked for a particular month.

B) GSTR 2A does not bifurcate ITC between eligible and not eligible category which this module does.

C) GSTR 2A does not analyse and populate ITC blocked due to place of supply or time barred

D) GSTR 2A does not lists the ITC reversal in the manner GSTR 2B does.

7. Details of GSTR 2B shall be available online or through offline utility, which should be reconciled with the ITC availed as per books.

Conclusion: 

GSTR 2B is nothing but a new version of GSTR 2A which is static and represents the data on monthly basis. As of now Rule 36(4) is linked to GSTR 2A but we can assume that after a while this can be amended to be linked to GSTR 2B considering the data analytics auto populated in GSTR 2B which is more reader friendly as compared to GSTR 2A

CA Amresh Vashisht

Meerut