*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.
Step-by-Step Process to File GSTR-2
Below is a detailed guide on how to file GSTR-2:
Step 1: Log on to GST Portal
Step 2: Select the Returns option under Services
Step 3: Select the month for which GSTR-2 is being filed.
Step 4: Click the ‘Prepare Online’ button under GSTR-2
Step 5: You will find 11 sections that contain the necessary information. Only the information that needs to be modified or isn’t automatically filled out in your GSTR-2A should be entered in these tiles.
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
Step 3: Click on Save
6C – Debit/Credit Notes for supplies from a registered person:
Any debit or credit note received from a registered dealer 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.
Step 3: Click on Save
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.”
Step 2: 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
Step 3: Click on Save
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
Step 3: Click on Save
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.
Finally, once all the information has been recorded, the return can be submitted online when a declaration has been made.
Conclusion
GSTR-2 Return has been suspended, hence it is not required to be filed.
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