GSTR 2B is an auto-populated statement of inward supplies. It is generated by the Goods and Services Tax Network (GSTN) based on the information provided by your suppliers in their GSTR-1 returns.
Here's a breakdown of how GSTR 2B is generated:
1. Suppliers File GSTR-1
When your suppliers file their GSTR-1, they provide details of all the outward supplies they made during the tax period. This includes information such as the invoice number, date, value of goods or services, GST rate, and recipient's GSTIN.
2. GSTN Processes GSTR-1 Data
The GSTN system processes the GSTR-1 data from all suppliers. This data is then used to generate the GSTR 2B for each registered taxpayer.
3. GSTR 2B is Generated
The GSTN system automatically generates the GSTR 2B for each taxpayer based on the processed GSTR-1 data. This includes details of all inward supplies received from registered suppliers.
4. Taxpayers Can Access GSTR 2B
Taxpayers can access their GSTR 2B through the GST portal. The statement will show the details of all inward supplies received from registered suppliers, including the invoice number, date, value of goods or services, GST rate, and supplier's GSTIN.
5. GSTR 2B is Used for Filing GSTR 3B
The information provided in GSTR 2B is used by taxpayers to file their GSTR 3B, which is the summary return of outward supplies and inward supplies.
Note: GSTR 2B is an auto-populated statement and does not require manual input from taxpayers. It is a valuable tool for taxpayers to verify the details of their inward supplies and ensure accurate filing of their GSTR 3B.
