GSTR-2
Details of Inward Supplies /Purchases Received
Details of Inward Supplies /Purchases Received
Key Points of GSTR-2 (Inward Supplies)
- Due Date :– GSTR-2 (Details of Inward Supplies /Purchases Received ) to be furnished by the 15th of the month succeeding the tax period.
- Non Applicability :-GSTR-2 (Details of Inward Supplies /Purchases Received ) is not to be furnished by compounding Taxable Person /ISD
- Auto-population :– Auto-population would be done, on the basis of GSTR1 of counter-party supplier in concerned tables in GSTR-2 (Details of Inward Supplies /Purchases Received ) . It can be modified by the taxpayer while filing GSTR-2.
- Other Details :– Further the other details that are not auto-populated, i.e. import of services, eligibility of ITC and quantum thereof and purchases from unregistered Taxable
Person shall be furnished in GSTR-2 (Details of Inward Supplies /Purchases Received ) - ITC Ledger :- The details of inwards supplies would be auto-populated in the Input Tax Credit (ITC) ledger on submission of return..
- The recipient of goods and/or services shall specify the inward supplies in respect of which he is not eligible, either fully or partially, for input tax credit in FORM GSTR-2 where such eligibility can be determined at the invoice level.
- The recipient of goods and/or services shall declare the quantum of ineligible input tax credit on inward supplies which is relatable to non-taxable supplies or for purposes other than business and cannot be determined at the invoice level in FORM GSTR-2.
- Input Service Distributor Invoice Details :- The details of invoices furnished by an Input Service Distributor in his return in FORM GSTR-6 under rule 7 shall be made available to the recipient of credit in Part B of FORM GSTR 2A electronically through the Common Portal and the said recipient may include the same in FORM GSTR-2.
- Details of tax deducted at source :– The details of tax deducted at source by the deductor under section 37 furnished in FORM GSTR-7 shall be made available to the deductee in Part C of FORM GSTR-2A 3 electronically through the Common Portal and the said deductee may include the same in FORM GSTR-2.
- Details of TDS by an e-commerce operator :-The details of tax collected at source by an e-commerce operator under section 43C furnished in FORM GSTR-8 shall be made available to the concerned taxable person in Part D of FORM GSTR 2A electronically through the Common Portal and such taxable person may include the same in FORM GSTR-2.
- Partial credit :- Separate table for submitting details in relation to ITC received on an invoice on which partial credit has been availed earlier.
- NO ITC if Depreciation Claimed :-Where the registered taxable person has claimed depreciation on the tax component of the cost of capital goods under the provisions of the Income Tax Act, 1961, the input tax credit shall not be allowed on the said tax component.
- GST Law provides that where the goods against an invoice are received in lots or instalments, the registered taxable person shall be entitled to the credit upon receipt of the last lot or instalment.
- GST law provides that a taxable person shall not be entitled to take input tax credit in respect of any invoice for supply of goods and/or services, after the filing of the return under section 27 for the month of September following the end of financial year to which such invoice pertains or filing of the relevant annual return, whichever is earlier.
Download – GSTR-2 -Inward Supplies Format
Read also GST Return filing Process in India
GST Return ,GSTR 1, GSTR 2, GSTR 3, GSTR 4, GSTR 5, GSTR 6, GSTR 7, GSTR 8, GSTR 9, GSTR 10, GSTR 11,
GST Return : Who … What….When….to File GST Return
Sr.No | Form | Who to File ? | What to file? | When to File ? |
1 | GSTR-1 | Registered taxable supplier | Outward supplies | 10th of the month succeeding the tax period |
2 | GSTR-2 | Registered taxable recipient | Inward supplies /Purchases | 15th of the month succeeding the tax period |
3 | GSTR-3 | Registered taxable person | Outward supplies , inward supplies, ITC availed, tax payable, tax paid and other particulars as prescribed | 20th of the month succeeding the tax period |
4 | GSTR-4 | Composition supplier | Outward supplies, inward supplies | 18th of the month succeeding the quarter |
5 | GSTR-5 | Non-resident person | Outward supplies, inward supplies | 20th of the month succeeding tax period & within 7 days after expiry of registration |
6 | GSTR -6 | Input service distributor | details of tax invoices on which credit has been received | 13th of the month succeeding the tax period |
7 | GSTR-7 | Tax deductor | Details of tax deducted | 10th of the month succeeding the month of deduction |
8 | GSTR-8 | E commerce operator/tax collector | Details of tax collected. | 10th of the month succeeding the tax period |
9 | GSTR-9 | Registered Taxable Persons | Annual Return | 31st December of the next Financial Year] |
10 | GSTR 9A | Taxable Person paying tax u/s 8 (Compounding Taxable Person) | Annual Return | 31st December of the next Financial Year] |
11 | GSTR 9B | Registered Taxable Person (if Turnover Exceeds 1Crore) | Audit Report with Reconciliation Statement | 31st December of the next Financial Year |
12 | GSTR 10 | Taxable person whose registration has been surrendered or cancelled | Final return | within three months of the date of cancellation or date of cancellation order, whichever is later |
13 | GSTR 11 | Persons having Unique Identity Number and Claiming Refund | Details of inward supplies | 28th of the month following the month for which statement is filed |
Read also GST Return filing Process in India
Download Draft GST Return Rules Released by Govt
Download Draft GST Return Formats released by Govt
Download Other GST Return Forms from GST Tab-GST Rules and Forms- Draft GST Rules and Form -Return Form at Taxheal.com
Free Education Guide on Goods & Service Tax (GST)