How to File GSTR-2?

*Important Note: GSTR-2 and GSTR-3 Returns are currently suspended. Taxpayers are required to file GSTR-3B instead.>

After submitting GSTR-1 (details of outward supplies), taxpayers are required to submit GSTR-2. GSTR-2 is a return that includes information on all incoming supplies. A taxpayer can claim The Input Tax Credit that is established based on this return. The information about the inbound supplies is automatically filled out in GSTR-2A when your suppliers file GSTR-1. All your purchases listed on GSTR-2A are regarded as inbound supplies by you. Therefore, while filing GSTR-2, only information about purchases from unregistered dealers and purchases that do not appear in GSTR-2A must be provided.

GSTR-2 Invoicing Details

3, 4A – Inward supplies, including reverse charge supplies, received from registered persons

If there is any missing supply that comes from authorised dealers, then the details of that supply should be mentioned here. This also applies to inbound supplies subject to a reverse charge.

Step 1: To add information on any inward supplies from a registered person and reverse charge supplies missing from GSTR-2A, click on “ADD MISSING INVOICE DETAILS.”

Step 2: Enter the information below:

• GSTIN for the Supplier
• Date, number, and the total amount of the invoice
• Choose the state where the sale will take place
• Choose B2B, Deemed Exports, or SEZ Supplies with or without payment under Invoice Type.

Step 3: Click on Add Details

5 – Import of Inputs/ Capital Goods and Supplies received from SEZ

Goods received from SEZ, as well as inputs and capital products, should all be entered in this tile:

Step 1: Select “ADD BOE.”

Step 2: Enter the following information:

• The port code for the origin of the import
• Bill of Entry Number, Date, and Value
• Check the box to indicate whether the import is from a special economic zone.
• Enter the taxable amount based on the rate of tax that applies to the imported goods
• Select whether the tax qualifies for an ITC

Step 3: Click on Save

4C – Import of Service

Services that you imported are listed in this section.

Step 1: Select “ADD DETAILS.”

Step 2: Fill in the information below:

• Date, invoice number, and the total amount
• From the dropdown menu, choose a point of sale
• Enter the taxable amount based on the applicable tax rate
• Select whether the tax is eligible as ITC

6C – Debit/Credit Notes for supplies from a registered person:

Any debit or credit note received from a registered dealer Click on ‘ADD CREDIT NOTE/DEBIT NOTE’but missing in GSTR-2A should be entered here.

Step 1: Click on ‘ADD CREDIT NOTE/DEBIT NOTE’

Step 2: Fill in the information below:

• GSTIN for the Supplier
• Type, value, number, and date of the note
• Date and original invoice number
• Interstate versus intrastate supply
• Reason for issuing note – sales return, post-sale discount, correction in the invoice, etc.

4b- Inward supplies from an unregistered supplier

This section must include information about all purchases of products and services from unregistered suppliers.

Step 1: Select “ADD DETAILS.”

Fill in the information below:

• Suppliers name
• Date, amount, and invoice number
• From the dropdown menu, choose the point of sale
• Interstate versus intrastate supply

6C – Debit Notes/Credit Notes for Unregistered Suppliers

Any debit or credit note issued for incoming supplies from unregistered suppliers must be mentioned here.

Step 1: Select “ADD CREDIT NOTE/DEBIT NOTE.”

Step 2: Fill in the information below:

• Type, value, number, and date of the note
• Date and original invoice number
• Interstate versus intrastate supply
• Reason for the issue of note
• Based on the GST rate, the taxable value

GSTR-2- Other Details

7 – Composition taxable person supplies and other exempt, nil-rated, and non-GST supplies

This field must be filled out with the total inbound supplies from composition dealers and all inbound goods that are exempt and nil rated.

Select “EDIT,” type the values, and select “SAVE.”

10A – Amount paid in advance for supplies with a reverse charge

You must enter any advances you’ve made for supplies subject to a reversal charge here. Due to the fact that you must pay tax based on RCM, this will increase your output tax obligation.

Step 1: Select “ADD DETAILS.”

Step 2: Enter the Point of Sale information and the Taxable Value calculated using the GST Rate. Select “SAVE”

10B – Adjustment of advance amount paid earlier for reverse charge supplies.

Any changes that need to be made to the information listed in tile 10A in earlier returns must be made here.

13 – HSN summary of inward supplies:

When submitting GSTR-2, information about incoming supply broken down by HSN code must be included.

Step 1: Select “ADD DETAILS.”

Step 2: Fill in the information below:

• The inward supplies’ HSN Code, Description, and Unique Quantity Code (UQC)
• The total amount, cost, and taxable value of all products and services
• The supplies were subject to IGST, CGST, SGST, and UTGST

11 – Reversal or Reclaim of Input Tax Credit

ITC on inward supply can only be claimed under specific circumstances. The ITC must be reversed if the same is not met. ITC reversed information must be entered here. After adding the information, click on the “SAVE” button.

Conclusion

GSTR-2 Return has been suspended, hence it is not required to be filed.

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