<h1>GST Council Launches GSTR-2B for Streamlined ITC Claims; Monthly Static Statement Aims to Simplify Compliance and Reduce Errors.</h1> The GST Council introduced GSTR-2B, an auto-drafted input tax credit (ITC) statement, to streamline the filing process for taxpayers. GSTR-2B, available monthly on the 12th day of the following month, provides a static statement based on supplier data from GSTR-1, 5, and 6. It aims to reduce return preparation time, minimize errors, and simplify compliance. Key features include import data from the ICEGATE system and detailed document-level information. For July 2020, GSTR-2B is available on a trial basis for feedback, and taxpayers are encouraged to review it and provide input through the self-service portal.