a. ITC – Input tax credit

b. B2B – Business to Business

c. ISD – Input service distributor

d. IMPG – Import of goods

e. IMPGSEZ – Import of goods from SEZ

2. Important Advisory:

a)FORM GSTR-2Bis a statement which has

been generated on the basis of the information furnished by your

suppliers in their respectiveFORMS GSTR-1, 5 and 6. It is

a static statement and will be made available once a month. The

documents filed by the supplier in anyFORMS GSTR-1,5and

6 would reflect in the next openFORM GSTR-2Bof the

recipient irrespective of supplier’s date of filing.

Taxpayers are advised to referFORM GSTR-2Bfor availing

credit inFORM GSTR-3B. However, in case for additional

details, they may refer to their respectiveFORM GSTR-2A(which is updated on near real time basis) for more details.

b) Input tax credit shall be indicated to be

non-available in the following scenarios: -

i. Invoice or debit note for supply of goods or

services or both where the recipient is not entitled to input tax

credit as per the provisions of sub-section (4) of Section 16 of

CGST Act, 2017.

ii. Invoice or debit note where the Supplier

(GSTIN) and place of supply are in the same State while recipient

is in another State.

However, there may be other scenarios for which

input tax credit may not be available to the taxpayers and the

same has not been generated by the system. Taxpayers, should

self-assess and reverse such credit in theirFORM GSTR-3B.