FORM GSTR – 2B – AUTO DRAFTED ITC STATEMENT

[Mr. M. GOVINDARAJAN]

Rule 60 of the Central Goods and Services Tax Rules, 2017 (‘Rules’ for short) was amended by the Central Goods and Services Tax (Thirtieth Amendment) Rule, 2020.  The Amendment Rules substituted a new Rule 60 for the existing one.  The newly substituted Rule 60 will come into effect from 01.01.2021.

Rule 60(7) provides that an auto-drafted statement containing the details of input tax credit shall be made available to the registered person in Form GSTR-2B, for every month, electronically from Form GSTR – 1, GSTR – 5, GSTR – 6 and import data received from ICEGATE.

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 of the above forms would reflect in the next open Form GSTR-2B of the recipient irrespective of supplier’s date of filing.   The Taxpayers are to refer Form GSTR-2B for availing credit in FORM GSTR-3B.  In case for additional details, they may refer to their respective Form GSTR-2A (which is updated on near real time basis) for more details.

Form GSTR-2B will consist of all the Form 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. 

Contents of the Form

The Form GSTR – 2B consists of four tables. 

• Table 1 – the GSTIN number will be there;
• Table 2 –

1. Legal name of the registered person;
2. Trade name, if any;
3. Date of generation – it will be in form ‘DD/MM/YYYY HH:MM’;

• Table 3 captures the summary of ITC available as on the date of generation of Form GSTR-2B. This form consists of the following columns-

• Sl. No;
• Heading;
• GSTR – 3B Table;
• Integrated tax;
• Central tax;
• State/Union Territory tax;
• Cess
• Advisory.

This table is divided into following two parts:

• Part A captures the summary of credit that may be availed in relevant tables of FORM GSTR-3B.
• Part B captures the summary of credit that shall be reversed in relevant table of FORM GSTR-3B.

Part A contains four sections-

• Section I -  All other ITC - Supplies from registered persons other than reverse charge
• This section consists of the details of supplies (other than those on which tax is to be paid on reverse charge basis), which have been declared and filed by the suppliers of registered persons in their Form GSTR-1 and 5.
• This table displays only the supplies on which input tax credit is available.
• Negative credit, if any may arise due to amendment in B2B- Invoices and B2B - Debit notes. Such credit shall be reversed in Table 4(B)(2) of Form GSTR-3B.
• Section II - Inward Supplies from ISD

• This section consists of the details of supplies, which have been declared and filed by an input service distributor in their Form GSTR-6.
• This table displays only the supplies on which ITC is available.
• Negative credit, if any, may arise due to amendment in ISD Amendments - Invoices. Such credit shall be reversed in table 4(B)(2) of Form GSTR-3B.

• Section III - Inward Supplies liable for reverse charge

• This section consists of the details of supplies on which tax is to be paid on reverse charge basis, which have been declared and filed by the suppliers of the registered person in their Form GSTR-1.
• This table provides only the supplies on which ITC is available.
• These supplies shall be declared in Table 3.1(d) of Form GSTR-3B for payment of tax. Credit may be availed under Table 4(A)(3) of Form GSTR-3B on payment of tax.

• Section IV - Import of Goods

• This section provides the details of IGST paid by the registered person on import of goods from overseas and SEZ units / developers on bill of entry and amendment thereof. These details are updated on near real time basis from the ICEGATE system.
• This table shall consist of data on the imports made by the registered person (GSTIN) in the month for which Form GSTR-2B is being generated for.
• The ICEGATE reference date is the date from which the recipient is eligible to take input tax credit.
• The table also provides if the Bill of entry was amended.
•  Information is provided in the tables based on data received from ICEGATE. Information on certain imports such as courier imports may not be available.

Part B  - Others

• This section consists of the details of credit notes received and amendment thereof which have been declared and filed by the suppliers of registered person in their Form GSTR-1 and 5.
• Such credit shall be reversed under Table 4(B)(2) of Form GSTR-3B. If this value is negative, then credit may be reclaimed subject to reversal of the same on an earlier instance.

• Table 4  - This table consists of two parts – Part A and Part B

Part A

• Section I - All other ITC - Supplies from registered persons other than reverse charge

• This section consists of the details of supplies (other than those on which tax is to be paid on reverse charge basis), which have been declared and filed by the suppliers of registered person  in their Form GSTR-1 and 5.
• This table provides only the supplies on which ITC is not available.
• This is for information only and such credit shall not be taken in Form GSTR-3B.

• Section II - Inward Supplies from ISD

• This section consists of the details supplies, which have been declared and filed by an input service distributor in their Form GSTR-6.
• This table provides only the supplies on which ITC is not available.
• This is for information only and such credit shall not be taken in Form GSTR-3B.

• Section III - Inward Supplies liable for reverse charge

• This section consists of the details of supplies liable for reverse charge, which have been declared and filed by the suppliers of registered person in their Form GSTR-1.
• This table provides only the supplies on which ITC is not available.
• These supplies shall be declared in Table 3.1(d) of Form GSTR-3B for payment of tax. However, credit will not be available on such supplies.

Part B

• Section 1 – Others-

• This section consists details the credit notes received and amendment thereof which have been declared and filed by the  suppliers of registered person in their Form GSTR-1 and 5
• This table provides only the credit notes on which ITC is not available.

Such credit shall be reversed under Table 4(B)(2) of Form GSTR-3B.