GSTR-2B is an auto-drafted Input Tax Credit (ITC) statement generated for every recipient, on the basis of the information furnished by their suppliers, in their respective Form GSTR-1 & 5 (non resident taxable person) and Form GSTR-6 filed by ISD.
This was announced to help tax payers to know their eligible credit for the relevant month so that it’s easy and convenient to fill GSTR 3B with correct tax amount, as GSTR 2A is a dynamic return and it keeps on modifying as people update their GSTR 1.
On the other hand GSTR 2B is a static return and will be generated after 11th of every month once GSTR 1 and 5 is filed by monthly tax payers.
Also, after the change in rule that only 10% of total eligible credit can be claimed additionally by tax payer if the bill for some ITC is not uploaded by supplier, the GSTR 2B will be more useful in such case as compared to GSTR 2A.
To know about difference GSTR 2A and 2B CLICK HERE.
Although it was first generated for the month of July ITC, now GSTR 2B for the month of August is available.
It is important to note that it will be helpful only where monthly GSTR 1 is filed by supplier.
Steps to Download: Taxpayers can access their GSTR-2B through: Login to GST Portal > Returns Dashboard > Select Return period > GSTR-2B.