GSTR 2

• If you purchase goods and/or services from businesses who are also registered taxpayers then table 3 is really important to you.
• In case the registered supplier you buy from is a legal firm or one of the vendors mentioned under section 9(3) of the CGST law who is liable to be taxed under reverse charge, then table 4A will also apply to you.
• You can always make corrections to any incorrect data presented under tables 3 or 4 of previous GSTR-2 returns that you have filed using section 6A of the current GSTR-2 (this will not apply for the July return).
• Any credit notes or debit notes issued to you during a particular month will go under section 6C. Amendments to debit notes or credit notes issued during a previous period can be made under 6D.
• Depending on the type of item or service received by you from a registered vendor, table 7 may also apply to you (for reasons covered under the next subtopic).
• If you import services from overseas vendors, then 4C will apply to you.
• If you are an importer of goods be it from an overseas vendor or from a supplier located inside a special economic zone (SEZ) then such purchases will be captured under table 5.
• Corrections to incorrect data presented under table 5 of a particular GSTR-2 can be done using section 6B of subsequent GSTR-2 returns.
• If your head office is an input service distributor that makes purchases on your behalf, then table 8 will apply to you.

This is a much-detailed form when compared to GSTR-1. Let’s have a look at the contents of the form.

• Name and address of the dealer – this field shall be auto-populated after logging in to the GSTN portal.
• 15-digit GSTIN of the dealer – this field shall be auto-populated after logging in to the GSTN portal.
• The return filing period – the month and the year for which the return is being filed.
• Details of all the incoming materials and services received by the dealer – this field is auto-populated with the details of GSTR-1. This is a key part of the form that displays the purchases of the dealer made during the tax month. There can be differences in the list of invoices, which can be corrected by the dealer filing the return. Such dealer can fill in the extra or additional details manually. The corresponding supplier will have a notification to that effect, and the same will be reflected in GSTR-1A, which the supplier has to accept accordingly.
• Changes made to details of incoming materials from previous periods – similar to the above, where there are changes made to the details of incoming supplies relating to previous periods. Dealers have to fill this manually. Moreover, the suppliers have to accept such changes in the relevant GSTR-1A.
• Details of all imports made of capital goods or goods – since imports are considered as an inter-state movement of goods, accordingly IGST will be charged in this case.
• Changes made to the details of imports made during the previous periods – any changes thereof relating to the previous periods have to be reported in this field.
• Details of services received from persons resident outside India – This field relates to import of services. GST has to be paid on a reverse charge basis.
• Changes made to the details of services received from persons resident outside India of previous periods – any changes with respect to imports of services made during a previous period has to be updated here.
• Details of debit notes or credit notes raised during the tax period – the details mentioned herein shall be available for validation in respective counter party forms.
• Details of changes made to the debit or credit notes of previous periods – the changes made to the debit or credit notes of the previous months are to be mentioned here. Any such change will directly impact the reverse charge taxes.
• Details of materials received from unregistered persons during the tax month – this is a common field for mentioning all kinds of supplies that have been received from unregistered persons, both intra-state and inter-state. The supplies that are received shall include materials received from an unregistered person, composition dealer and remaining non-GST, exempted or zero-rated supplies.
• Details of input tax credit received from an Input Service Distributor – Input service distributor is required to file GSTR-5, the details of which shall be auto populated in this heading. This type of credit arises when head office disburses credits to its branch offices. As a result, the branch office can claim credit related to the same.
• Details of credits arising out of tax deducted at source – where the dealer transacts in specified contracts, resulting in tax being deducted at source, the details of the same has to be mentioned here. The field is auto-populated from GSTR-7 filed by the person deducting tax.
• Details of credits arising out of tax credited at source – under the GST law, E-Commerce operators are required to collect tax at source while making payment to its merchants. Further, these E-Commerce operators are required to file GSTR-8, the details of which are auto populated in this field.
• Details of input tax credit received against an invoice – an invoice against which input tax credit was claimed, but the supplier, due to certain reasons did not file the same, can be filled up in this field.
• Details of output tax liability arising due to reverse charge, even though no invoice was received – as per the GST provisions, even though an invoice is not received but due to the provisions of time of supply, the GST implication comes earlier, then such details of tax liability arising out of such transactions have to be mentioned here.
• Any amendments made to the above fields
• Details of tax paid – this heading includes tax paid for the reporting period, tax paid on account of reverse charge and tax paid for the previous periods as well.
• Details of input tax credit reversals – in the event of credit being reversed due to any reasons, this field will be filled in. The reasons are available as a drop down to choose from.
• Amendments to the details of input tax credit reversals – any changes made with respect to above field has to be mentioned here.

Earlier, a taxpayer was required to manually fill in the input tax credit utilization amount, as well as the amount to be paid in cash, and then generate the challan for the same. Now however, he has an option to edit the ITC amount to be utilized and not to consider the credit utilisation amount, which is auto-generated and suggested by the system. Once the ITC utilisation is changed by the tax payer, the amount required to be paid gets automatically changed. In other words, the tax payment challan can now be auto-generated, with the click of a button, after offsetting the input tax credit available in the credit ledger.