GSTR-2B is launched & Two new tables inserted in GSTR-2A
Press release is published on 29.08.2020 to announce the launch of GSTR-2B on a trail basis. The taxpayers can login into GSTN and download their GSTR-2B for the month of July, 2020. The Govt. has requested the taxpayer to compare the input tax credit taken by them with the input tax credit that is appearing in GSTR-2B. After comparing the statements, the taxpayers is also requested to submit their feedback on any aspect of GSTR-2B to Govt. by raising a ticket on the self-service portal https://selfservice.gstsystem.in/.
As recommended by the GST Council this GSTR-2B is a step toward linking the present system of filing GSTR-1 and GSTR-3B and an enhancement of GSTR-2A and its linking to GSTR-3B. GSTR-2B will be made available to the taxpayer on the 12th day of subsequent month.
GSTR-2B is an auto-drafted statement in which the details of input tax credit gets populated based on GSTR-1, GSTR-5 and GSTR-6 returns filed by their suppliers. GSTR-2B will also have the information on import of goods from ICEGATE system including inward supplies of goods received from Special Economic Zones / Developers.
GSTR-2B will provide the information of ITC those are eligible and those are not eligible. Thus, this GSTR-2B will assist the taxpayer in determining their eligible input tax credit. Document level details of all invoices, credit notes, debit notes etc. are also provided in GSTN for the taxpayers to both view and download it.
Taxpayers can get their GSTR-2B by login into GST Portal — Return Dashboard —- select Return period —— GSTR-2B.
The Govt. has published another Press release dated 29.08.2020 to announce the introduction of two new tables in GSTR-2A report. The newly added table will display the details of import from overseas and inward supplies made from SEZ units / SEZ developers.
Taxpayer can view their bill of entry which is received by GSTN from ICEGATE Systems of Customs. As a trail run the system will show information up to 06.08.2020. Further, it is also clarified by the Govt. that this table will not show the bill of entries filed at non-computerized ports and import made through courier services and post office. The press release states that this information will be shortly provided to the taxpayer.
The Govt is requesting the taxpayer to share their feedback on this change through raising a ticket on the self-service portal (https://selfservice.gstsystem.in/).
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