GSTR 2B Features & Downloading Process on the GST Portal

On the web portal of GST, Form GSTR-2B is an ‘automatically drafted Input Tax Credit Statement’ that shall be displayed for each registered person on the criteria of the information that is furnished by his suppliers in their corresponding.

GSTR-1
GSTR-5 (Non-resident taxable person)
GSTR-6 (Input Service distributor)

GSTR-2B is a static statement (unlike GSTR-2A that is dynamic) and is made available every month. The day of disclosure is the 12th day of the next month implying that no changes shall be made after the 12th day of the next month in GSTR-2B.

Attributes of GSTR-2B

Details about the import of goods made available from ICEGATE System: The GSTR-2B Statement provides details on the import of goods that are brought from the ICEGATE system that is inclusive of details about the inward supply of goods from the units or developers of Special Economic Zones(SEZ). Nevertheless, it is not included in the released version of the GSTR-2B for July month. Yet it shall be made available soon.

Summarised Statement: It is a statement that indicates whether all the input tax credit is made available or unavailable under each section. The advisory is provided for each section that makes a clarification about the steps/action that can be undertaken by the taxpayers in the particular section as per GSTR-3B.

Document Level Details: It includes document-level details of all the invoices, credit and debit notes, and so on along with options to view and download.

How to View and Download Form GSTR-2B?

Step 1: Firstly, Open a browser and google https://www.gst.gov.in/ and open the consequent web page. Thereafter login to the GST portal by inputting your valid credentials. Then click on

“Returns Dashboard’ or
Navigate to Services > Returns > Returns Dashboard.

Step 2: In this step, the ‘File Returns page’ shall open. Then using the drop-down menu, opt for the Financial Year & Return Filing Period (Month) for which you wish to view/download GSTR-2B. Afterward, Click on the SEARCH button. Form GSTR-2B tile ( ITC Statement named GSTR 2B)shall be displayed with two options i.e. View and Download.

Step 3: Here .in this step download GSTR-2B. It is worthwhile mentioning here that if they're more than 1000 documents appear under all tables of Form GSTR-2B, then ‘document all the details’ can be downloaded in Excel / JSON format from the download option. Thereafter Click on the DOWNLOAD button to download the form GSTR-2B.

Step 4: In this final step, either click Generate JSON File to download button or Create an excel file to download button to download the Form GSTR-2B. The file shall be downloaded and then stored on your drive.

Step 5: If in case you just need to view the Form, then Under the Form GSTR-2B title, click on the VIEW button.

Step 6: Finally, after clicking the option Form GSTR-2B Auto Drafted ITC Statement page will appear.

Comments

Check Summary of 2023 MCA Amnesty Scheme for LLP e-Forms

The discussion shall take place for "Latest Amnesty Scheme introduced by MCA in relation to Limited Liability Partnership". A General Circular No 08/2023 Dated: 23rd August 2023- Subject- Condonation of Delay in filing of Form-3, Form 4, Form 11 u/s 68 of LLP Act, 2008 is been issued by the MCA. MCA has acknowledged that they've received numerous complaints regarding technical glitches on their website and discrepancies in the master data. These issues have prevented Limited Liability Partnerships (LLPs) from submitting the LLP-3, LLP-4, and LLP-11. In order to facilitate a more business-friendly environment, the MCA is utilizing its authority under Section 67 of the LLP Act, 2008. They have decided to grant a one-time relaxation in additional fees and any related penalties for delayed filing of the aforementioned three forms, as elaborated in this article. However, one aspect of this initiative raises some confusion. Why hasn't the MCA included Form LLP 8 in this a

All Special Features of Gen I-T Software with Downloading Steps

Gen IT is one of the income tax software created by professionals from SAG Infotech Pvt. Ltd. This software helps to compute Income Tax, Interest Calculations, Advance and Self Assessment Tax. The software is created with high quality-perfection to prepare returns. It also provides e-filing to upload returns with the help of the software. This software is proficient in calculating Income Tax, Advance, Interest Calculations, and Self Assessment Tax. The quality of the software is very high as the returns are prepared by it. The software provides the facility to file and upload returns. Also, there are simple steps to download the free download Gen IT software for the trial version. To complete the processes, the Gen Income Tax returns filing software has 2 different sections which include - Client Manager, Income Tax, Billing, AIR, Calculator, Backup/Restore, Password and Printer Settings, Bulk SMS/E-Mail and Help. These operations are explained briefly below- 1. Client Mana

All About Advance Tax Payment Rule Under IT Act, 1961

A tax expert answers the question- ‘the requirements of advance tax provisions under the Income-tax Act 1961’. Advance tax, as the name itself indicates that the tax paid by individuals in the financial year when the corresponding income is earned, rather than in the assessment year when the income is assessed for taxation purposes. This payment is calculated based on the consolidated income earned and expected to be earned from various sources, such as salary, rent, interest, and more. It takes into account applicable deductions, exemptions, and credits for taxes deducted at source (TDS) or taxes collected at source (TCS). According to section 208 of the Income Tax Act, 1961, individuals whose estimated tax liability for the year amounts to Rs. 10,000 or more are required to pay advance tax. However, senior citizens aged 60 years or above who are residents and do not earn any income from business or profession are exempt from paying advance tax. Typically, advance tax payments are ma

SAG Infotech: Need Tax Software (Call 0141-4072000)

Search This Blog