GSTR 2

Name: Priyanka S Tungidwar

Roll No: 21036

GSTR-2 is a return containing details of all Who is required to file: To file the GSTR-2:
inward supplies. You must be a registered tax payer under the
Based on this return the Input Tax Credit that a GST with a 15 digit PAN-based GSTIN. You
taxpayer is eligible to avail is determined. must neither be a composition vendor nor have
After your suppliers file GSTR-1, the details of a Unique Identification Number (UIN). You
your inward supplies get auto-populated in should also not be one of those non-resident
GSTR-2A foreign tax payers.
Objective: GSTR-2 is a return containing Frequency of filing: Monthly
details of all inward supplies.
Based on this return the Input Tax Credit that a Details required while filing the said return
taxpayer is eligible to avail is determined. 1.GSTIN – Each taxpayer will be allotted a
After your suppliers file GSTR-1, the details of state-wise PAN-based 15-digit Goods and
your inward supplies get auto-populated in Services Taxpayer Identification Number
GSTR-2A (GSTIN). A format of proposed GSTIN has
Last date of filing: he last been shown in the image below. GSTIN of the
date for filing of GSTR-2 for the month of taxpayer will be auto-populated at the time of
July, 2017 is 31st October, 2017. The return filing.
competent authority has approved the 2. Name of the taxpayer
extension of filing of GSTR-2 for July, 2017 to 3.inward supplies received from a registered
30th November, 2017, for facilitation of person other than the supplies attracting
businesses and all taxpayers reverse change.
Process of filing the said return (can be 4. Inverse supplies on which tax is to be paid
shown through flow chart) on reverse charge.
5. Input/ capital good received from overseas
or from SEZ units on a bill of entry.
inward supplies
6.Amendments to details of inward supplies
www.gst.gov.in login
receives by taxpayer
furnished in returns for earlier tax periods in
Tables 3, 4 and 5 [including debit notes/credit
invoive details other details notes issued and their subsequent amendments]
7.supplies received from composition taxable
person and other exempt/ non rated/no gst
supplies received.
Generate GSTR 2
summary
8. ISD credit received.
9.TDS and TCS credit received.
10.Consolidate statement of advanced paid/
Submit
advances adjusted on account of receipt of
supplies
file GSTR 2 with file GSTR 2 with
DSC EVC 11.Inut tax credit reversal/ reclaim
12.Addition and reduction of amount in output
Consequences of late filing:
tax for mismatch and other reasons.
GSTR-2 Late fees and Penalty
13.HSN summaries of inward supplies.
A penalty of Rs. 100 per day is applicable in
case of late filing of GST return under both
CGST and SGST Act.
The penalty would be payable for the period in
which the taxpayer in case of failure to file the
return.
The maximum penalty would be up to Rs. 5000