After filing GSTR-1/IFF, receivers will be entitled to use GSTR-2B.
For counter-party recipients, Rule-60(7) of the CGST Rules-2017 mandates the generation of an auto-drafted statement containing the specifics of the input tax credit in FORM GSTR-2B. FORM GSTR-2B shall be made available to recipients after the Due Date of filing GSTR-1/IFF by the suppliers, as per Rule-60(8) of the CGST Rules-2017.
The Due Dates for GSTR-1 and IFF for April 2021 have been extended to the 26th and 28th of May 2021, respectively, by Notification Nos. 12/2021-CT and 13/2021-CT, both dated 1st May 2021. As a result, on the 29th May 2021, GSTR-2B for April 2021 will be produced after the Due Dates.
Taxpayers who want to file Form GSTR-3B before the GSTR-2B is produced in April 2021 will do so on a self-assessment basis. Under Rule-36(4), Notification No. 13/2021-CT dated 01.05.2021 prescribes a combined limit for ITC asserted in April and May 2021.
The CBIC has launched a special campaign to clear outstanding GST refund requests by the end of the month.
The CBIC stated that all outstanding GST refund requests must be resolved soon. This will provide immediate relief to businesses, especially MSMEs, during the challenging COVID-19 period. The Central Board of Indirect Taxes and Customs (CBIC) has started a special campaign to clear all outstanding GST refunds by the end of the month. The 15-day Goods and Services Tax (GST) refund campaign follows in the footsteps of the CBIC’s existing refund of customs and duty drawback claims.
From the 15th to the 31st of May 2021, all Central Tax formations will begin a ‘Special GST Refund Disposal Drive.’ The CBIC also stated that the GST legislation allows for a 15-day period for delivering an acknowledgment or deficiency memo, and a limit of 60 days for dealing with refund requests without the need to pay interest.
For assistance and handholding of taxpayers, tax officers will work with major trade and business groups. This will include the taxpayers’ submission of required documents and responses. The CBIC also instructed tax officers to communicate with taxpayers through the GST portal or, if necessary, via email using the officer’s official email address. Any contact with taxpayers must be done via the GST site, or if necessary, via email using the officer’s official email address.