#gstr 2b

GSTR-2B : Starting on January 1, 2025, the Goods and Services Tax (GST) ecosystem will undergo a noteworthy update with the enhancement of the GSTR-2B Excel spreadsheets module. The purpose of the automatically generated ITC statement, GSTR-2B, is to inform taxpayers of their eligible and ineligible ITC. Based on data provided by suppliers in their GSTR-1/IFF, GSTR-5 (non-resident taxable…

GSTN Advisory for taxpayers on Form GSTR-2B #gst #gstr2b #gstportal

1. Form GSTR-2B is an auto-drafted ITC statement which is generated for every normal taxpayer on the basis of the information furnished by their suppliers in their respective GSTR-1/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…