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.”
GST- GSTR-2B 14 की शाम 5 बजे जेनरेट होगा।15 Sunday है तो फिर GSTR-3B के लिए दिए हुए दिन और कम हो गए हैं जब कि हम 11 तारीख़ को ही इसके लिए तैयार हैं।
सुझाव -इस माह की ITC मेचिंग को अगले माह करवाइये ताकि GSTR-3B के लिए पर्याप्त समय मिल सके।@FinMinIndia @cbic_india @Infosys_GSTN
— SUDHIR HALAKHANDI (@Sudhirhalakhndi) May 15, 2022
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)
Infy to all Taxpayers after missing all entries of April'2022 ITC pic.twitter.com/SXRUTG9BvZ
— Abhishek Revolutionary RajaRam Goal TaxationReform (@abhishekrajaram) May 15, 2022
Some Tax Professionals also requested the Government to reduce the GSTR-3B Due Date:
I can bet the govt won't extend the filling 3B dates 😂
When they didn't extend a mere complaince due date, how can you even think they would extend GSTR-3B dates when the whole revenue would come thru 3B 😂😂
Govt wants us to make mistake
— CA AK Mittal (@CAamanmittal) May 14, 2022
In the meanwhile, GSTN has finally released an Advisory providing the relief.
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.
Now the question is, if this advisory will be accepted by GST Officer at time of doing Audits & Assessment?