How to file GSTR-2 for inward supplies/purchases
Under Goods and Services Tax (GST), registered taxpayers must furnish details of all inward supplies (i.e., purchases), including those purchases on which a reverse charge mechanism has been applied. This occurs on form GSTR-2.
Who needs to file GSTR-2?
All registered taxpayers must file GSTR-2 monthly, regardless of whether they did or did not have any purchase transactions.
Exceptions to the GSTR-2 filing requirement include:
- Input service distributors
- Non-resident taxable persons
- Composition dealers
- Persons liable to deduct TCS/TDS
- Ecommerce operators
What is the due date for filing GSTR-2?
GSTR-2 is due by the 15th of the following month, so June’s GSTR-2 is due 15 July; there is a five-day gap between filing GSTR-1 and GSTR-2.
Businesses with turnover up to Rs. 1.5 crores file returns quarterly. The government will announce the applicable GSTR-2 due dates at a later stage.
Can GSTR-2 be revised?
No. Once filed, GSTR-2 cannot be revised, however any errors or mistakes can be corrected in the next month’s GSTR-2 return.
What autopopulates on GSTR-2?
Some details in the GSTR-2 return will autopopulate from GSTR-1, including:
a) Details of TDS filled in by ecommerce operators
b) Invoice details of all supplies received from registered persons
c) Invoice details from GSTR-5 that have been filled in by non-resident taxable persons
d) Invoice details from GSTR-6 that have been filled in by input service distributors
e) TDS details from GSTR-7 that have been filled in by deductors
What is GSTR-2A?
When the seller files GSTR-1, all purchase-related details are automatically captured in form GSTR-2A. Purchasers need to verify the information in form GSTR-2A before submitting the return.
What do taxpayers fill in on GSTR-2?
Part A — inward supplies received from a registered person
Section 3 includes details for inward supplies other than supplies attracting reverse charge.
Section 4 includes details for inward supplies on which tax is to be paid on reverse charge.
Suppliers can edit, accept, or reject any invoices they add, or they may add any invoices previously missed.
Section 5 — import of input/capital goods and supplies received from SEZ
Any inputs/capital goods received from foreign or SEZ units on a bill of entry are to be dealt with here. You can add the details of the bill of entry for each import.
6C — debit/credit notes for supplies from registered persons
All debit/credit notes related to supplies received from registered persons will be in this field.
Supplier notes can be modified, accepted, rejected, or added to the pending list. Supplier notes can also be added manually.
7 — supplies from composition taxable persons and other exempt/nil-rated/non-GST supplies
All composition supplies, nil-rated, or non-GST supplies will be under this tab.
10A — advance amount paid for reverse charge supplies
Any advance payments for reverse charge supplies should be mentioned in this tab.
10B — adjustment of advance amount paid earlier for reverse charge supplies
13 — HSN summary of inward supplies
Use this tab to provide HSN summary of inward supplies, including a HSN code, description, unit of quantity count, total quantity, and taxable values and taxes.
As evidenced by the title, any advance amount paid earlier for reverse charge supplies will be adjusted in this tab.
4B — inward supplies from unregistered suppliers
Input information about all supplies received from unregistered suppliers goes here.
4C — import of service
Include details in this tab related to imported services.
11 — input tax credit reversal/reclaim
Reversing or reclaiming input tax will be done using these fields.
Once all sections of the GSTR-2 have been filled in, the user can preview the return to see how it will look once filed. Once satisfied, the user can submit the return, after which time it cannot be edited. The return can be filed either by digital signature or with the help of Aadhar OTP.
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