GSTR-2: Who is required to file GSTR-2, Format and information to be provided

GSTR2

Under the new GST regime there will be 8 returns. GSTR-2 is second of them.

1. Who is required to file GSTR-2: GSTR-2 to be filed by regular/Normal Taxpayer including casual and Non resident(Indian) taxpayer but excluding the compounding taxpayers/ISD.
2. Due date for filing of GSTR-2: GSTR-2 is required to be furnished by 15th of Next month
3.  For: Inward Supplies received  by a taxpayer.
4. Important Features/ functionalities of GSTR-2:
   • Auto-population would be done, on the basis of GSTR1 of counter-party supplier, on or after 11th of
     succeeding month.
   • Addition of invoices / debit note / credit note, not submitted by counter-party supplier, would be permitted
     between 12th to 15th of succeeding month.
   • Adjustments would be permitted on 16th and 17th of succeeding month.
   • Further the other details that are not auto-populated, i.e. import of services, eligibility of ITC and quantum
     thereof and purchases from unregistered taxpayer shall be furnished.
5. Information to be provided:
   • Name
   • GSTIN
   • Period
   • Credit received form registered taxpayers
   • Goods /Capital goods received from Overseas (Import of goods)
   • Services received from a supplier located outside India (Import of services)
   • Details of Credit/Debit Notes
   • Amendments to details of inward supplies received in earlier tax periods
     (including post purchase discounts received)
   • Supplies received from compounding /unregistered dealer & other exempt/nil/non GST supplies
   • ISD credit received
   • TDS Credit received
   • ITC Received on an invoice on which partial credit availed earlier