Jan 15, 2025 03:15 PM IST
It’s because the deadline for submitting GSTR-1 was prolonged by 2 days from the unique January 11 to January 13.
The GSTR-2B (enter tax credit score) assertion will now be generated two days afterward Thursday, January 16, from the initially scheduled date of January 14, for the December 2024 tax interval.
The draft GSTR-2B type might be mechanically generated on January 16, 2025.(iStockphoto)
The transfer was taken as a result of the deadline for submitting GSTR-1 was prolonged by two days from the unique January 11 to January 13.
“The Draft GSTR-2B for the month of December 2024 (Quarter Oct-Dec 2024) will now be generated on 16th January 2025 in accordance with the rule 60 of CGST Rules, 2017,” the GSTN wrote in an advisory revealed in its web site on Tuesday, January 14, 2025.
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“We would like to remind you that you can recompute your Draft GSTR-2B if any action is taken in IMS after the generation of the same GSTR-2B on or after 16th Jan 2025,” the GSTN added.
GSTR-2B is an auto-populated assertion which is generated based mostly on outward provide particulars uploaded by suppliers of their GSTR-1 and is a vital doc which permits patrons to say Enter Tax Credit score (ITC).
The draft GSTR-2B type might be mechanically generated on January 16, 2025.
If the provider makes adjustments by the bill administration system (IMS) after the customer has generated his GSTR-2B, the customer has to make use of the ‘recompute’ choice to generate the up to date GSTR-2B.
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“It is noteworthy that once a GSTR-2B has been generated, no buyer can accept any new invoices for that month. This means upward revision of purchases can’t happen but downward revision can happen,” an Financial Occasions report quoted Chartered Accountant Deep Koradia as saying. “The primary reason for this advisory is now GSTR-2B will generate late as the GSTR-1 deadline had to be extended due to persistent technical issues with the GST portal.”
Really useful Matters Information / Enterprise / Enter tax credit score: GSTR-2B assertion delayed by 2 days, use recompute possibility
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