The Goods and Service Tax Networks (GSTN) provides that the advisory for the assessee on Form GSRT-2B in which it specified that the availability of ITC furnished available to the assessee in the afternoon of 14th of every month.
Form GSTR-2B is an auto-drafted ITC statement i.e generated towards every assessee up on the grounds of the details filed through their suppliers in their corresponding GSTR-1 form, IFF, GSTR-5 (non-resident taxable person), and GSTR-6 (input service distributor).
“This statement indicates availability and non-availability of input tax credit to the taxpayer against each document filed by their suppliers and is made available to the taxpayers in the afternoon of 14th of every month,” the advisory stated.
GSTR-2B is an auto-drafted ITC statement that is generated for every normal assessee upon the ground of the details filed through his suppliers in their corresponding GSTR-1/IFF, GSTR-5 (non-resident taxable person), and GST Return 6 (input service distributor). This statement shows that the availability and non-availability of ITC to the assessee with respect to every document furnished through his suppliers.
It is seen that the procedure of GSTR-2B generation begins post to the finish of IFF, GSTR-5, and GSTR-6 last date on 13th midnight, and thus GSTR-2B gets enabled to the assessee in the afternoon of the 14th month. Moreover, GSTR-2B is the static statement and is enabled for every month on the 14th day of the next month, For instance, in the month of July 2020, the statement was generated and made available to the enrolled individual dated 14th August 2020. The information of all the credentials inside GSTR-2B is enabled to avail online along with the download facility.
For monthly GSTR-1 filers, any GSTR-1 furnished between the last date of filing for the preceding month (M-1) to the last date of furnishing of GSTR-1 for the current month (M). For instance, the GSTR-2B generated for the month of Jan 2021 includes the information of all the credentials furnished through the suppliers in their monthly GSTR-1 from 00:00 hours on 12th Jan 2020 to 23:59 hours on 11th Feb 2020.
