GSTR 2 Return filing,formats, eligibility and Rules

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GSTR 2 Return filing,formats, eligibility and Rules

According to GST law, every registered taxable person is required to furnish details of Inward Supply for a tax period.

1. What is GSTR-2?

Every registered taxable person is required to give details of Inward Supply, i.e.,
purchases for a tax period in GSTR-2.

2. When is GSTR-2 due to be filed?

As per GST Council, in its 21 st meeting held on 9 th September 2017.

Sl. No


Due Date for filling GSTR-2


For the month of Jul-17

31st October 2017


August 2017 onwards

Yet to be notified

3. Why is GSTR-2 important?

GSTR-2 contains details of all the purchase transactions of a registered dealer for a month. It will also include purchases on which reverse charge applies. The GSTR-2 filed by a registered dealer has to match with the GSTR-1 submitted by the supplier. This would help in matching Input Tax Credit and supplier- recipient reconciliation.

4. What is GSTR-2A?

When a seller files his GSTR-1, the information is captured in GSTR-2A. GSTR-2A is a purchase-related tax return that is automatically generated for each business by the GST portal.
It takes information from the seller’s GSTR-1. You are required to verify (and amend) this return before filing in on GSTR-2.

5. What is Supplier- recipient reconciliation?

Supplier- recipient reconciliation or invoice matching is a process of matching taxable sales by the seller with the taxable purchases of the buyer.
It is vital because ITC on purchases will only be available if the details of purchases filed in the GSTR-2 return of buyer matches with the details of sales filed in GSTR-1 of the seller.

6. What happens if GSTR-2 is not filed?

If GSTR-2 return is not filed then the next return GSTR-3 cannot be filed.  Hence, late filing of GST return will have a cascading effect leading to heavy fines and penalty.

7. What happens if GSTR-2 is filed late?

If you delay in filing, you will be liable to pay late fees. Late fee is Rs. 100 per day, as it is Rs 100 under CGST and Rs 100 under SGST. Total amount of late fee shall be Rs 200 per day upto a maximum of Rs 10,000.

8. Who should file GSTR-2?

Every registered person is required to file GSTR-2 irrespective of whether there are any transactions during the month or not. However, following registered persons do not have to file the GSTR-2: –

  • Input Service Distributors
  • Composition Dealers
  • Non-resident taxable person
  • Persons liable to collect TCS
  • Persons liable to deduct TDS
  • Suppliers of online information and database access or retrieval services (OIDAR), who have to pay tax themselves (as per Section 14 of the IGST Act)

9. How to revise GSTR-2?

GSTR 2 once filed cannot be revised. Any mistake made in the return can be revised in the next month’s return. It means that if a mistake is made in September GSTR-2, rectification for the same can be made in October’s GSTR-2.