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GSTN advisory for filing of GSTR-3B before generation of GSTR-2B for April 2021 and save 9% interest.

Why such a advisory issued by GSTN? As due date for filing GSTR-1 / IFF for m/o Apr 2021 was extended till 26th / 28th May, so GSTR-2B can be generated by GSTN latest by 29th May. As a result, monthly taxpayers were required to pay concessional rate of 9% interest on their tax liability in case they wait to file GSTR-3B till 29th May. So GSTN has now issued a clarification that monthly taxpayers can file GSTR-3B without waiting for GSTR-2B and also the limit of rule 36(4) to be applied on cumulatively basis for Apr and May 2021 as prescribed in Notification No.13/2021 - CT.

GSTN Clarification

Rule 60(7) of CGST Rules, 2017 prescribes for generation of auto-drafted statement containing the details of input tax credit in FORM GSTR-2B for counter-party recipients. As per Rule 60(8) of CGST Rules, 2017, FORM GSTR-2B shall be made available to the recipients after the Due date of filing GSTR-1/IFF by the suppliers. Notification No. 12/2021-CT and 13/2021-CT, both dated 1st May 2021 extend the Due date of GSTR-1 and IFF for April 2021, to 26th and 28th May 2021, respectively. Consequently, GSTR-2B for April 2021 will be generated after the Due dates, on 29th May 2021.

Taxpayers willing to file FORM GSTR-3B for April 2021 before GSTR-2B generation may do so on self-assessment basis. Notification No. 13/2021-CT dated 01.05.2021 prescribes a cumulative limit under Rule 36(4) for ITC claimed in periods April & May 2021

Thanking You,
Team GSTN

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