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Studycafe Admin | May 15, 2022 | Views 53216

GSTN provides an interim solution to Incomplete GSTR-2B issue

GSTN provides an interim solution to Incomplete GSTR-2B issue

This is the time for filing of GSTR-3B Returns and this time taxpayers were facing a new issue while doing Input Tax Credit (ITC) matching for filing their Returns.

The issue was that in certain cases the Invoice of the vendor was not reflected in GSTR-2B even if the GSTR-1 was filed on Time and with correct Invoice details.

Now as per the GST Law, ITC for the Invoice not reflected in GSTR-2B cannot be taken and this was a matter of worry for the Taxpayer. A huge created buzz was created by Taxpayers and Professionals on Twitter as well discussing this issue. Some of the Tweets are as given below:

Mr. SUDHIR HALAKHANDI, a Chartered Accountant and a GST Professional Wrote “GSTR-2B will be generated at 5 pm on 14th. 15th is Sunday, then the days given for GSTR-3B have been reduced Further. He further suggested that “Get this month’s ITC matching done next month so that enough time can be given for GSTR-3B.”

Mr. Abhishek Raja Ram, a Chartered Accountant, and a GST Professional Wrote highlighted through a meme that the non-availability of accurate data in GSTR-2B will lead to the Double payment of Goods & Service Tax (GST)

Some Tax Professionals also requested the Government to reduce the GSTR-3B Due Date:

In the meanwhile, GSTN has finally released an Advisory providing the relief.

GSTN Advisory:

1. It has been noted that certain records are missing from the GSTR-2B statement for the month of April 2022 in a few situations. Such records, however, are visible in the GSTR-2A of such beneficiaries.

2. The technical team is trying to rectify this issue for the affected taxpayers as soon as possible and generate new GSTR-2B forms.

3. In the meantime, impacted taxpayers who want to file GSTR-3B should use GSTR-2A to file the return on a self-assessment basis.

The inconvenience this has caused is truly regretted.

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Now the question is, if this advisory will be accepted by GST Officer at time of doing Audits & Assessment?

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