Date of GSTR-2B (Details of ITC) for April 2021 extended

Due to the Covid-19 pandemic, the Goods and service Tax Network (GSTN) department announced that the GSTR-2B for April 2021 will be generated after the Due dates. In this article we will discuss on Date of GSTR-2B (Details of ITC) for April 2021 extended.

What is IFF and GSTR-1?

The Invoice providing Facility (IFF) is a facility where quarterly GSTR-1 filters can Upload  their Business-to-business (B2B) invoices in their IFF Return. however, GSTR-1 is a Sales Return through which tax payers have to upload their B2B and B2C invoices.

For example – Like in January and February we have B2B invoices and we wish to submit those invoices in IFF as we want our consumers to claim their Input Tax Credit on the basis of Gstr-2B.Then we will have to upload B2B invoices for March and  remaining B2C invoices of (Jan,Feb,March) in March Gstr-1(Quarterly).

However, due to the Covid pandemic, the last date of filing Form GSTR-1 for April, 2021 has been extended up to May 26, 2021. and IFF up to May 28, 2021

GSTR-2B Date Extended

GSTR-2B is an auto-drafted ITC statement that will be generated for every registered person on the purpose of the information provided with by his suppliers in their respective GSTR-1/IFF, GSTR-5 (non-resident taxable person), and GSTR-6 (input service distributor). The statement will indicate the availability of input tax credit to the registered person against each statement filed by his suppliers.

Also, GSTR-2B is a static statement and will be made available for each month on the 14thday of the succeeding month.

For example, for the month of July 2020, the statement will be generated and made available to the registered person on 14th August 2020.

However, due to the Covid pandemic, the last date of filing Form GSTR-1 for April, 2021 has been extended up to May 26, 2021.

GSTR-2B (Details of ITC) for April 2021 extended

The GSTN department stated  that since the last date of filing Form GSTR-1 for April 2021 has been extended up to May 26, 2021, and IFF up to May 28, 2021, the Form GSTR-2B for April 2021 shall be generated on May 29, 2021.

Further, the GSTR-2B statement underlines details on the import of goods fetched from the ICEGATE system comprising details of inward supply of goods from Special Economic Zone units/developers. However, It is not comprised in the released version of GSTR-2B for the month of July but it will be made accessible soon.

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