GSTR-2 - Part 2

Every registered taxable person is required to give details of Inward Supply, i.e., purchases for a tax period in GSTR-2. When you make purchases from registered vendors, the information from their sales returns (GSTR-1) will be available in the GSTN portal as GSTR-2A for you to use in your GSTR-2.

The following details are to be provided in GSTR-3

  1. GST Identification Number- Provisional id can also be used as GSTIN if you do not have a GSTIN.
  2. Name of the taxpayer- Name of the taxpayer including legal and trade name will be auto populated
  3. Inward Supplies from Registered Taxable Person other than the supplies attracting reverse charge: This information is automatically captured by the GSTN. These details can be verified before accepting, rejecting, or modifying this information for filing GSTR-2.

  4.  

    Inward supplies on which tax is to be paid on reverse charge: Capture purchases on which you pay tax directly to the government on behalf of your supplier. The contents of this table are similar to table 3. If the supplier is not in the same location as you, you must provide the place of supply (the state where you received the goods or services).  

  1. Invoice-wise details of inward supplies received from a registered supplier that attract reverse charge (you pay tax on purchases directly to the government). E.g., purchases made from silk yarn vendors.
  2. Details of purchases and inward supplies received from an unregistered supplier (which attract reverse charge by default).
  3. Invoice-wise details of services imported from overseas vendors.

5. Inputs/Capital goods received from Overseas or from SEZ units on a Bill of Entry: Rate-wise details of all goods that you have imported during this month.  

  1. Imports: Details pertaining to bills of entry, including 6-digit port codes and 7-digit bill numbers.
  2. Received from SEZ: Supplies received from suppliers inside a special economic zone are treated like inter-state supplies and will attract IGST and in some cases may also attract a BCD (Basic Customs Duty) since they are treated like imports. 

6. Amendments to details of inward supplies furnished in returns for earlier tax periods (including debit notes/credit notes issued and their subsequent amendments): 

  1. Corrections to details of inward supplies filed during previous tax periods, other than import of goods or goods received from SEZ.
  2. Corrections to information pertaining to import of goods or goods received from SEZ
  3. Details of original debit Notes and credit notes issued to you during this month. 
  4. Details of debit notes and credit notes that you provided in earlier tax periods (along with the details of the original document).

7. Supplies received from composition taxable persons, and other exempt/Nil rated/Non-GST supplies received: Under this section, you get to capture interstate and intrastate purchases made from composition vendors including exempt, nil rated and non-GST supplies from vendors at gross value.

8. ISD credit received: This data will be auto-generated when the ISD files the GSTR-6.

  1. Details of internal invoices sent to you by your ISD (head office), if any.
  2. Capture credit notes issued by your ISD.

9. TDS and TCS Credit received: There are two sub sections: 

  1. TDS Credit Received.
  2. TCS Credit Received.

10. Consolidated Statement of Advances paid/Advance adjusted on account of receipt of supply:  If you had paid advance tax on goods or services received during an earlier tax period, but only received the invoices this month, declare the details here.

(I) Information for the current month: 

  1. Advance amount paid for reverse charge supplies that were received in the current tax period
  2. Advance amount on which tax was paid in earlier periods but the invoice was only received in the current period.

(II) Information for previous months:

  1. Amendments made to the ITC information furnished in an earlier return: Here, you can make corrections to the details declared under table 11 of previous GSTR-2 returns.
  2. All corrections and modifications made to transactions the goods/services were received from the vendor/s this month but the payment was made in advance.
  • Input Tax Credit Reversal / Reclaim:  
  • ITC Information for the current tax period.
  • Amount in terms of rule 2(2) of ITC Rules (to be added)
  • Amount in terms of rule 4(1)(j)(ii) of ITC Rules (to be added) 
  • Amount in terms of rule 7(1)(m) of ITC Rules (to be added)
  • Amount in terms of rule 8(1)(h) of the ITC Rules (to be added)
  • Amount in terms of rule 7(2)(a) of ITC Rules (to be added)
  • Amount in terms of rule 7(2)(b) of ITC Rules (to be reduced)
  • On account of amount paid subsequent to reversal of ITC (to be reduced)
  • Any other liability (Specify)

11. Addition and reduction of amount in output tax for mismatch and other reasons: This section is used to capture any additional tax liability (tax you have to pay to the government) that arises due to the corrections made to the GSTR-3 of the previous month.

  1. ITC claimed on mismatched/duplication of invoices/debit notes: The excess input tax credit that you may have claimed from duplicate purchase invoices have to be given back to the government. Hence this amount will be added to the tax liability.
  2. Tax liability on mismatched credit notes: Any incorrect submissions of credit notes issued by your suppliers will also mean incorrect ITC values. Since those mismatches were corrected in the previous month, you have pay the difference back to the government this month. Hence this amount will be added to the tax liability.
  3. Reclaim on account of rectification of mismatched invoices/debit notes (Reduce): This could arise whenever the correct taxable value on the invoice is less than the tax you paid against it during the previous month (due to a higher value mentioned on the incorrect invoice). And so, the excess amount will be deducted from your current tax liability.
  4. Reclaim on account of rectification of mismatched credit note (Reduce): Works similar to subsection c.
  5. Negative tax liability from previous tax periods (Reduce): This could be due to any excess tax paid by you during the previous months and will be adjusted this month.
  6. Tax paid on advance in earlier tax periods and adjusted with tax on supplies made in current tax period (Reduce): This points to the tax paid along with advance payments during previous tax periods for supplies received during this month. (also includes changes due to any amendments made to such transactions) 

12. HSN summary of inward supplies - Provide an HSN-wise summary of the items purchased by you including total quantity purchased, taxable value under each tax heading, and Unit Quantity Codes (for imports).