GSTR-2B: Meaning, Benefits & How to Download

GSTR-2B is an auto-generated statement which contains information about ITC (Input Tax Credit) and can be generated from the GST portal. Taxpayers can generate this statement every month to understand different ITC claims.

An important feature of GSTR-2B is that it remains unchanged during the tax period and highlights the inward supplies basis details mentioned in GSTR-1, GSTR-5, and GSTR-6. As this is a statement which is generated automatically, taxpayers cannot file it, hence there is no GSTR-2B filing due date.

In addition, the format of GSTR-2B on GST portal includes serially mentioning all ITC claims available, followed by the ITC reversal, if any.

GSTR-2B is generated after furnishing details of GSTR-5, GSTR-6, and IFF (Invoice Furnishing Facility) which is due by 13th of every month. This means that GSTR-2B can be accessed on or after 14th of every month.

Normal taxpayers and SEZ can access this statement and download the same. While these entities can generate GSTR-2B, it will depend on the furnishing of GSTR-1, GSTR-5, and GSTR-6 by the suppliers.

Here are the noteworthy features of GSTR-2B statements:

A few notable benefits of the GSTR-2B statement to taxpayers are as follows:

• This statement plays an essential role in simplifying the filing procedure of GSTR-3B.
• This statement facilitates better reconciliation or maintenance of records about the information provided in this auto-generated statement and books of account of taxpayers.
• GSTR-2B is noticeably responsible for visibly reducing the chances of making errors as the information generated is accurate.
• It ensures correct payment of GST on a reverse charge basis wherever necessary for applicable documents.

Taxpayers, upon generating GSTR-2B can download this statement with the help of a few simple steps:

**Step 1:** Go to the official website of GST.
**Step 2:** Log in to the GST portal with your credentials like username, password, and captcha code.
**Step 3:** On the homepage, navigate to the "Services" sections, followed by the "Return Dashboard" option under the "Return" tab.
**Step 4:** Select the relevant tax period (month and financial year).
**Step 5:** Finally click on the GSTR-2B tab. If you want to save a copy of this statement on your device, click on “Download” and save the document for future use.

A comparison between GSTR-2B and GSTR-2A is presented in the table below: