GST
GSTR-2B
Auto-generated monthly statement showing ITC available from suppliers' GSTR-1 filings.
Full Definition
GSTR-2B is a static auto-generated statement showing the ITC available to a registered taxpayer based on their suppliers' GSTR-1 and GSTR-5 filings for the period. Unlike GSTR-2A (which changes as suppliers file), GSTR-2B is locked on the 14th of each month and reflects stable data for ITC claims. GST rules require that ITC can only be claimed to the extent it appears in GSTR-2B. This necessitates monthly reconciliation between purchase register and GSTR-2B.
Related terms
More GST terms
GSTIN (Goods and Services Tax Identification Number)
Unique 15-digit registration number assigned to every GST-registered business.
GSTR-1
Monthly/quarterly return for outward supplies (sales) filed by GST-registered businesses.
GSTR-3B
Monthly summary return where GST liability is declared and payment made.
GSTR-9 (GST Annual Return)
Annual reconciliation return filed by regular GST taxpayers, summarising the full year's GST transactions.
ITC (Input Tax Credit)
Credit available to GST-registered businesses for GST paid on business purchases, which reduces their GST payable.