Filing GSTR-2 involves logging into the GST portal, navigating to the Returns Dashboard, selecting the period, and reconciling auto-populated data from GSTR-2A with purchase invoices. Users must add missing invoices, edit discrepancies, and submit the return using a DSC or EVC. Note: GSTR-2 filing is currently suspended, replaced by GSTR-2A/2B for input tax credit validation.
GSTR-2 was designed to be filed by all registered businesses to report their inward supplies of goods and services. The rules stipulated that it should be filed monthly, by the 15th of the following month, allowing for automatic pre-filling of the form based on the GSTR-1 submissions of suppliers.
You will find 12 tiles on GSTR 2 page for entering data for different sections of GSTR 2. Click on 'GENERATE GSTR 2 SUMMARY' to ensure that auto-populated details become available in your GSTR 2. 4. Click on each tiles and enter the required details and save to prepare the return.
User can go to GST Returns > Regular Returns > Return Filling > GSTR-2X. User need to select Year , Month , Location and from filter option and provide OTP if session is not activated. System will populate the GSTR-2X form based on the data uploaded in the system.
How to file GST returns online?
ITR Filing Charges:
Salaried ITR Filing: ₹1,000/- Capital Gain / Share Gain-Loss ITR: ₹1,500/- Business ITR – 44AD Return: ₹2,000/- All other ITR Filing: ₹3,000/-
How to file
Every person or organisation registered for GST must submit a GSTR 2 for each purchase they make. There are a few exceptions to this rule, though. The following entities are exempt from submitting a GSTR 2 return: Dealers in composition.
Do you need a Chartered Accountant (CA) for GST filing? No, a Chartered Accountant (CA) is not required to submit a monthly Goods and Services Tax (GST) return in India. The GST return filing procedure is made to be simple to use and enables taxpayers to submit their returns on their own.
GST Return Fees: Rs. 1,000 to Rs. 3,000 per month. Professional Filing Services: Rs.
GSTR-2 contains details of all the purchases transactions of a registered dealer for a month. It also includes purchases on which reverse charge applies. The GSTR-2 filed by a registered dealer would have been used by the government to check with the sellers' GSTR-1 for buyer-seller reconciliation.
The taxpayer is required to log in to the GST portal with their user credentials, navigate to the 'Returns Dashboard', select the relevant tax period and return form, and then fill in all the relevant details before proceeding to file the return form.
Common Mistakes & Pitfalls
GSTR 2 gives complete information on Inward Supply, i.e., purchases for a given tax period. Every registered person is required to file GSTR 2, the data of which is used by the government to check the sellers GSTR 1 data for buyer-seller reconciliation.
GSTR-2 is the monthly GST return to be filed by taxable person registered under GST. GSTR-2 will include the details of all inward supplies made in the given period.
GST is leviable only if aggregate turnover is more than 20 lacs. (Rs. 10 lacs in 11 special category States). For computing aggregate supplies turnover of all supplies made by you would be added.
If none of the conditions for CA certification apply, you can file GSTR-10 without a CA Certificate and simply pay any outstanding tax dues. 📅 Important Reminder: ✅ File GSTR-10 within 3 months of GST cancellation to avoid penalties. ✅ Late Filing Penalty: ₹200 per day (₹100 CGST + ₹100 SGST).
Documents Required for GST Return Filing
ITR-2 - Applicable for Non-Resident Individual
This return is applicable for Individual (whether Resident or Non-Resident) and Hindu Undivided Family (HUF). Having Income under any head other than Profits and Gains of Business or Profession.
4 What happens if GSTR-2 is filed late? Ans. If you delay in filing, you will be liable to pay interest and a late fee. Interest is 18% per annum.
If your GST turnover is below the $75,000 threshold, you may choose to register. But if you do, regardless of your turnover, you must: include GST in the price of most goods and services you sell. claim GST credits for most business purchases you make.
You can file the GST return online as follows.
The penalty amount you will be charged for not filing electronically if you are required to is: $100 for the first time. $250 for each subsequent return you do not file electronically.