Vikas Kalyan & Associates- Chartered Accountants

22/11/2021

30/08/2020

*GSTR-2B Introduced:*

1. *GSTR-2B is not a Return*.Its similar to GSTR-2A with some exceptions
2. It is an auto-populated *static ITC statement* which will clearly show *”ITC available and not available”* for every invoice on a monthly basis
3. It will be made available once a month on 12th of every succeeding month
4. For example, GSTR-2B generated on 12th September 2020 shall contain invoices uploaded and filed by suppliers between 12th August 2020 to 11th September 2020
5. GSTR-2B also contains info on *Imports from other countries and SEZ’s*
6. Invoices will be marked as *ITC Not Available* in two cases:
a. If the supplier files the invoice after 30th September of succeeding year of invoice i.e. Section 16(4)
b.If *POS is different from the recipient state*
7. GSTR-2B provides an option to *search invoice and to request statement over an e-mail*

23/08/2020

GST registration procedure has been amended wef 21st ag