Auto-generated GSTR 2B is an input tax credit statement. GSTR 2B displays if the taxpayer can claim input tax credit against supplier invoices. A system-generated return, GSTR 2B, lets taxpayers claim the correct ITC.
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The process of GSTR 2B generation starts after the completion of due date of GSTR 1 (monthly), GSTR 1 (Quarterly), GSTR-5 and GSTR 6. Below are the cut off dates for generation of GSTR 2B
GSTR 2B contains summary of Input Tax credit and detailed Input Tax credit
Below is the process to view or download GSTR 2B
GSTR 2A is a system generated read only statement of inward supplies. This statement is updated on real time basis. Below are the some of the differences between GSTR 2A and GSTR 2B
|S.No||Particulars||GSTR 2A||GSTR 2B|
|1||Nature||It is dynamic||It is Constant|
|3||Input Tax Credit||It does not provide the breakup of eligible and ineligible ITC||It provides the breakup of eligible and ineligible ITC|
|4||Example||If the supplier files the return, It will automatically reflects in GSTR 2A||If the supplier files the return, it does not automatically reflect in GSTR 2B. It will be shown in GSTR 2B in the period in which return is filed|
GSTR 2B contains the ITC on import of goods. However, ITC on import of services (paid on reverse charge) is still not shown by GSTR 2B. It needs to be entered manually by the taxpayer.