Overview of GSTR 2A
> Additionally, Receiver Taxpayers will be able to take action on the invoices.
> ACCEPT/REJECT buttons against invoices will be enabled for action.
> The information available in GSTR 2A will also be available in GSTR 2.
4 parts of GSTR 2A
> Table 3 consists of B2B Supply details
> Table 4 Consist of Debit / Credit Note
> Table 5 Consist of Amended Debit / Credit Note details
Overview of GSTR 2
GSTR -2 not to be filed by
> Taxpayers under the Composition Scheme (Return to be filled by them in GSTR 4)
> Non-resident foreign tax payers (Return to be filled by them in GSTR 5)
> Online information database and access retrieval service provider (Return to be filled by them in GSTR 5A)
> Input Service Distributors (ISD) (Return to be filled by them in GSTR-6)
> Tax Deducted at Source (TDS) deductors (Return to be filled by them in GSTR 7)
> E-commerce operators deducting TCS (Return to be filled by them in GSTR 8)
GSTR 2: Inward supplies
> all inward supplies of goods and/or services,
> including inward supplies of services on which the tax is payable on reverse charge basis.
> also includes inter-state inward supplies, debit notes or credit notes and supplementary invoices issued during a specific tax period.
Due dates to file GSTR 2
> Casual Dealers
> Taxpayers who have applied for voluntary cancellation of GST registration are allowed to file GSTR 2 before the end of the current tax period if they have received the cancellation order.
> Example: The goods and/or services received during the month of January should be filed between 11th to 15th of February. The date of filing GSTR 2 can be extended by the Board/Commissioner by notification.
Late filing of GSTR 2
> The payment of late fee is not required before filing of GSTR 2.
> The fee must be paid before filing GSTR 3, without which the return is considered invalid.
> Depending on the types of inward supplies received, the total charges may be INR 200 (100+100) per day.
Information covered in GSTR 2
> Inward supply invoices in respect of input/input services/ capital goods received from a registered person other than the supplies attracting reverse.
> Inward supplies invoices pertaining to input/input services /capital goods from a registered supplier attracting reverse charge.
> Inward supplies received from an unregistered supplier.
> Import of services.
> Input/ capital goods received from overseas or from SEZ units on a Bill of Entry.
> Amendments to details of inward supplies furnished in return for earlier tax periods (including debit notes/ credit notes issued and their subsequent amendments).
> Supplies received from composition taxable person and other exempt/Nil rated/Non GST supplies received.
> ISD credit received.
> TDS/TCS credit.
> Advances paid/ adjusted on account of receipt of supply.
> Input tax credit reversal /reclaim.
> Addition and reduction of amount in output tax for mismatch and other reason.
> HSN summary of inward supplies.
Claim of ITC & GSTR 2
Pre conditions for filing GSTR 2
> The receiver taxpayer should be a Registered Normal Dealer and should have an active GSTIN.
> Receiver taxpayer should have valid login credentials (i.e., User ID and password).
> Receiver taxpayer should have valid and non-expired/unrevoked digital signature certificate (DSC), in case it is mandatory (DSC is mandatory for companies, LLPs and FLLPs).
> Due date for filing of GSTR 1 of the same tax period should have lapsed.
Steps to File GSTR 2
> Receiver taxpayer logs into the GST portal using their login ID and password.
> Navigate to Services > Returns > Returns Dashboard
> Select the financial year and tax period for which GSTR 2 needs to be filed and click SEARCH
> All returns pertaining to the given tax period will be displayed in different tiles
> Select GSTR 2 tile and click on PREPARE ONLINE or PREPARE OFFLINE
> In the post-login mode, taxpayer can access the GSTR 2 return by navigating to the Returns Dashboard and selecting the given financial year and return filing period.
√ Path: Services > Returns > Returns Dashboard
Actions by Receiver in GSTR 2
Submission of GSTR 2
> Upon clicking YES, GSTR 2 will be filed and Acknowledgement Reference Number (ARN) will be generated for the same.
After submission of GSTR 2
Action in GSTR 2
> Supplier is expected to take action of Accept / Reject in respect of such details.
> Entries in GSTR 2 filed after the date of conversion can be made only for invoices/documents dated prior to the date of conversion.
> rectifications will be allowed only in respect of original invoices/documents issued prior to the date of conversion
> GSTR 2 can be filed for the period for which taxpayer has been active/alive.
> Invoice/debit/credit note date should be prior to the effective date of surrender/cancellation.
Instructions to fill
1. Terms used:
> GSTIN: Goods and Services Tax Identification Number
> UIN: Unique Identity Number
> UQC: Unit Quantity Code
> HSN: Harmonized System of Nomenclature
> POS: Place of Supply (Respective State)
> B to B: From one registered person to another registered person
> B to C: From registered person to unregistered person
2. Table 3 & 4 captures information of:
(i) Invoice-level inward supply information, rate-wise, pertaining to the tax period reported by supplier in GSTR-1, to be made available in GSTR-2, based on auto-populated details received in GSTR-2A;
(ii) Table 3 to capture inward supplies, other than those attracting reverse charge and Table 4 to capture inward supplies attracting reverse charge;
(iii) The recipient taxpayer has the following option to act on the auto populated information: a. Accept, b. Reject, c. Modify (if information provided by supplier is incorrect), or d. Keep the transaction pending for action (if goods or services have not been received)
(iv) After taking the action, recipient taxpayer will have to mention whether he is eligible to avail credit or not and if he is eligible to avail credit, then the amount of eligible credit against the tax mentioned in the invoice needs to be filed;
(v) The recipient taxpayer can also add invoices (not uploaded by the counter party supplier) if he is in possession of invoices and have received the goods or services;
(vi) Table 4A to be auto populated;
(vii) In case of invoices added by recipient tax payer, Place of Supply (PoS) to be captured always, except in case of supplies received from registered person, where it is required only if the same is different from the location of the recipient;
(viii) Recipient will have the option to accept invoices auto populated as well as add invoices, pertaining to reverse charge only when the time of supply arises in terms of section 12 or 13 of the Act;
(ix) Recipient tax payer is required to declare in Column No. 12 whether the inward supplies are inputs or input services or capital goods (including plant and machinery).
3. Details relating to import of Goods/Capital Goods from outside India as well as supplied by an SEZ Unit to be reported rate-wise by recipient tax payer in Table 5.
4. Recipient to provide for Bill of Entry information including six digits port code and seven digits bill of entry number.
5. Taxable Value in Table 5 means assessable value for customs purposes on which IGST is computed (IGST is levied on value plus specified customs duties). In case of imports, the GSTIN would be of recipient tax payer.
6. Table 6 to capture amendment of information, rate-wise, provided in earlier tax periods in Table 3, 4 and 5 as well as original/ amended information of debit or credit note. GSTIN not to be provided in case of export transactions.
8. An option similar to Table 3 is not available in case of Table 8 and the credit as distributed by ISD (whether eligible or ineligible) will be made available to the recipient unit and it will be required to re-determine the eligibility as well as the amount eligible as ITC.
9. TDS and TCS credit would be auto-populated in Table 9. Sales return and Net value columns are not applicable in case of tax deducted at source in Table 9.
10. The eligible credit from Table 3, Table 4 & Table 8 relating to inward supplies to be populated in the Electronic Credit Ledger on submission of its return in Form GSTR-3.
11. Recipient can claim less ITC on an invoice depending on its use i.e. whether for business purpose or non-business purpose.
12. Information of advance paid pertaining to reverse charge supplies and the tax paid on it including adjustments against invoices issued should be reported in Table 10.
13. Table 12 to capture additional liability due to mismatch as well as reduction in output liability due to rectification of mismatch on account of filing of GSTR-3 of the immediately preceding tax period.
14. Reporting criteria of HSN will be same as reported in GSTR 1.
(Summary of supplies effected against a particular HSN code to be reported only in summary table. It will be optional for taxpayers having annual turnover upto Rs. 1.50 Cr but they need to provide information about description of goods.)
Input tax credit reversal /reclaim under Table 11 of GSTR 2
> Rule 37(2) reversal of input tax credit on account of non payment of consideration of supply by the recipient within the prescribed time limit.
> Rule 39 (1) (j) (ii): reduction of output tax credit on account of issuance of a credit note to the ISD by the supplier
> Rule 42(1) m: reversal of credit attributable towards exempt supplies and for non business purpose.
> Rule 43 1 (h): Reversal of input credit along with interest attributable on capital goods used in exempt supplies.
> Rule 42 (2) (a) reversal of credit attributable on the capital goods used party for business purpose and taxable supplies and also partly for non business purpose and for exempt supplies.
> Rule 42 (2) (b) : re-credit of amount paid in excess than determined under Rule 42 on input tax credit in respect of inputs and input services partly used for business/ non business purpose and for making both exempt and taxably supplies.
> On account of amount paid subsequent to reversal of ITC, will reduce the liability.
> Any other liability (to be specified)
INTERACTIVE RETURNS: PROCESS FLOW