Which GST Return was Suspended by the Government?

In a recent development, the Indian government has announced the suspension of GSTR-2B return filing. The announcement was made by the Central Board of Indirect Taxes and Customs (CBIC) on March 31, 2023.

GSTR-2B is a monthly return that is filed by businesses registered under the Goods and Services Tax (GST) regime. It is a statement that reflects the inward supplies made by a registered person, i.e., purchases made from a registered supplier. The return is designed to help businesses in claiming input tax credit (ITC) on their purchases.

However, due to some technical glitches, the government has suspended the filing of GSTR-2B return for the time being. The CBIC has stated that the suspension is temporary and will remain in effect until further notice.

The decision to suspend GSTR-2B filing has been taken to ensure that businesses do not face any inconvenience due to technical issues. The CBIC has assured taxpayers that the suspension is a temporary measure and that the return filing will resume as soon as the technical issues are resolved.

In the meantime,businesses are advised to focus on filing their GSTR-1 and GSTR-3B returns on time. GSTR-1 is a monthly return that reflects outward supplies made by a registered person, i.e., sales made to a registered buyer. GSTR-3B is a summary return that combines both GSTR-1 and GSTR-2B and is filed monthly by businesses.

In conclusion, the suspension of GSTR-2B filing may cause some inconvenience to businesses in the short term. However, the government's decision to suspend the return filing is aimed at ensuring that taxpayers do not face any issues due to technical glitches. Businesses are advised to focus on filing their GSTR-1 and GSTR-3B returns on time and to keep themselves updated on any further developments regarding the resumption of GSTR-2B filing.