Auto-drafted ITC statement in GSTR-2B introduced for July, 2020 on trial basis

Pursuant to 39th GST Council Meeting’s recommendation, Finance Ministry introduces GSTR-2B for the month of July 2020, an auto-drafted input tax credit (ITC) statement which would aid in assisting/determining the input tax credit that is available for every taxpayer; Clarifies that it is a static statement and will be made available for each month, on the 12 day of the succeeding month; Discussing key features of GSTR-2B, while explaining that it is expected that GSTR-2B wi...