GSTN Issues Advisory on Draft GSTR-2B Generation Date for December 2024
By: Admin
Date: January 14, 2025
Category: GST Law | GST Portal Updates | Important News
Reading Time: 4 Minutes
The Goods and Services Tax Network (GSTN) has issued Advisory No. 572 on January 14, 2025, regarding the generation date of the Draft GSTR-2B for December 2024.
Key Updates
- Revised Generation Date:
Due to extended deadlines for filing GSTR-1 and GSTR-3B for December 2024 (Quarter Oct-Dec 2024), the Draft GSTR-2B will now be generated on January 16, 2025.
This aligns with Notifications No. 01/2025 and 02/2025 issued on January 10, 2025.
- Relevant Rules:
The update follows Rule 60 of the CGST Rules, 2017, which governs the generation of GSTR-2B based on the filings of suppliers in their GSTR-1 forms.
- Recomputation Option:
Taxpayers can recompute their Draft GSTR-2B if any actions are taken in the Invoice Management System (IMS) after the initial generation of GSTR-2B on or after January 16, 2025.
Implications for Taxpayers
Ensure alignment of purchase invoices and credit claims with the updated GSTR-2B.
Monitor actions in IMS to reflect accurate details in the recomputed GSTR-2B.
Utilize the revised timeline to review and reconcile data before filing.
Conclusion
This advisory is crucial for taxpayers managing compliance for the December 2024 tax period. Adherence to the updated timelines and the option to recompute GSTR-2B ensure accuracy in Input Tax Credit (ITC) claims and GST returns.
For further details, visit the GST Portal or refer to Advisory No. 572 directly.
