GSTR 2 Return Filing
GSTR 2 Return Filing – Procedure to File on GST Portal
GSTR 2 return must be filed by all regular taxpayers registered under GST before the 15th of each month after filing GSTR 1. In GSTR 2, the taxpayer must provide details of purchases made during the last month under various categories. Since details of sales are filed by all GST taxpayers before the 10th of every month, most of the data in GSTR 2 will be auto-populated. The taxpayer would have to verify the data on the portal and provide limited additional information. In this article, we look at the procedure for filing GSTR 2 return on the GST portal.
GSTR 2 Format
To prepare and file GSTR 2 return, you can use LEDGERS GST Software. Just download the provided format for populate invoice data and upload it into LEDGERS. Based on the invoice data and purchase invoice data, GSTR 2 return will be prepared automatically.
GSTR 2 Excel Format
Inward Supplies from Registered Persons
In the first table, the taxpayer must provide details of all purchases made during the last month from suppliers having GSTIN. Based on the GSTR 1 data filed by all taxpayers, most of this information would be auto-populated. However, the taxpayer can also add additional purchases that are not reflected by providing the following information:
- GSTIN of supplier
- Invoice number
- Invoice date
- Invoice value
- Applicable GST rate
- Taxable value
- Amount of IGST applicable
- Amount of SGST applicable
- Amount of CGST applicable
- GST Cess applicable
- Place of supply
- Whether the item is ineligible for Input Tax Credit
- Amount of Input Tax Credit available under the following credits if applicable
- Integrated Goods and Services Tax
- Central Goods and Services Tax
- State Goods and Services Tax
Only B2B transactions are eligible for the input tax credit. Hence, only transactions provided in this table would be eligible for input tax credit claims.
Click here to read on GST Interstate vs Intrastate Supply Meaning
Inward Supplies on Which Reverse Charge is Applicable
In a supply transaction, normally the recipient pays the supplier a consideration equal to the value of the supply + applicable GST. The supplier would then remit the GST collected from the customer to the Government. In a reverse charge transaction, the supplier would not collect GST. The customer would pay the GST applicable on the transaction directly to the Government. In this table, the taxpayer is required to disclose such transactions wherein the taxpayer was required to pay GST under reverse charge.
For supplies attracting GST reverse charge, the above information shown in the table must be provided. It is important to note that dealers registered under the GST composition scheme are required to pay GST on a reverse charge basis for all inward supplies.
The input of Capital Goods Received from Overseas
In this table, the taxpayer must provide details of all inward supplies of capital goods received from overseas or from SEZ units on a bill of entry. For most taxpayers, this table would not be applicable in most months, unless there is a purchase of capital goods from abroad. If a supply is received in the previous month, then the following information pertaining to the supply must be submitted by the taxpayer:
- GSTIN of supplier
- Details of Bill of Entry
- Bill of Entry Number
- Bill of Entry Date
- Bill of Entry Value
- GST Rate Applicable
- Taxable Value
- Amount of Integrated Tax applicable
- Amount of GST cess applicable
- Whether the item is eligible for Input Tax Credit
- Amount of IGST Input Tax Credit Claim
- Amount of GST Cess claim
