GSTR-2, which contains details of inward supplies (purchases), was historically due on the 15th of the month following the tax period, following the filing of GSTR-1. However, the filing of GSTR-2 has been suspended by the government since September 2017. Taxpayers now reconcile ITC using GSTR-2B.
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.
Annual reporting periods
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.
When Is GSTR-2B Generated? GSTR-2B is generated after furnishing details of GSTR-5, GSTR-6, and IFF (Invoice Furnishing Facility) which is due by 13th of every month. This means that GSTR-2B can be accessed on or after 14th of every month. Normal taxpayers and SEZ can access this statement and download the same.
Individuals with a GST account for a personal business (sole proprietorship) typically report GST in line with the calendar year (January 1 – December 31). Generally these returns are due to be filed by June 15 of the following year, however if GST is owed to the government, the payment deadline is April 30.
GSTR-2A/GSTR 2B reconciliation is a specific type of reconciliation that occurs whereby the generated GSTR-2A/GSTR-2B of a tax period is compared with the data in your purchase register. It is important to find whether some invoice data is missing from the statement because the suppliers did not file it timely.
Here is the GST late fee you pay for not filing or filing late the GSTR returns: Total late fee of ₹100 per day, which is equally distributed between CGST (₹50) and SGST (₹50). The GST late fee is limited to ₹5,000 per type of return, but can quickly accumulate in case of several returns being late.
Therefore, upon non –filing of GST returns or missing out the GST due dates, the GST law prescribes a general penalty. The maximum penalty that may be imposed is Rs. 5,000. The taxpayer will be required to pay interest on late payment of GST at a rate of 18% annually in addition to the late payment penalty.
The GSTR-2 was suspended in September 2017 due to complexities in reconciliation and filing. It required matching buyer and seller invoices, which led to errors and delays.
GST Notification 17/2025-Central Tax dt. 18-October-2025
Registered taxpayers can now file their GSTR-3B for the month of September 2025 or the quarter of July–September 2025 by October 25, 2025, instead of the earlier due date.
Quarterly GST Returns Due Dates
The GSTR-1 due date is the 13th of the month following the quarter. It has details of the outward sales results of the quarter. The GSTR-3B due date for those who file tax quarterly is the 22nd or 24th of the month next to the quarter.
GST Due dates are determined based on your balance date. Ensure all returns and payments arrive at the IRD before the due date to avoid interest and penalties. Per the IRD's website, for most businesses, the accounting year begins on April 1 and ends the following March 31 - known as the standard balance date.
The GST Reform Bill (popularly called GST 2.0), cleared by the GST Council, will roll out from September 22, 2025, just ahead of the festive season. This marks the biggest overhaul since GST was first introduced in 2017.
April to June - filing and payment deadline is July 31. July to September - filing and payment deadline is October 31. October to December - filing and payment deadline is January 31.
It was meant to enable automatic matching with the supplier's GSTR-1 and validate ITC eligibility. However, GSTR-2 has been suspended from active use since September 2017, with GSTR-3B taking over many of its functions.
For GST, the CRA filing and payment deadline is 3 months after your fiscal year end. For GST filed and paid annually, the CRA payment deadline is April 30 and the filing deadline is June 15. For GST filed and paid monthly and quarterly, the CRA filing and payment deadline is one month after the reporting period.
Grace periods typically range from 15 to 30 days. While technically a customer could wait until the exemption date to pay, insurers may still treat the premium as GST-inclusive based on the due date, not the payment date. ...
GSTR-1: Filed quarterly, by the 13th of the month following the quarter. GSTR-3B: Filed quarterly, by the 22nd or 24th (depending on the state). Tax payment: Made monthly using Form PMT-06.
Grace Period & Late Fees ⚠️
Most loans include a short grace period—typically 10–15 days after the due date—before a payment is officially considered late. If you miss this window, you'll likely be hit with a late fee, usually in the $25–$50 range or outlined in your loan agreement.
GSTR2 or Purchase Report
GSTR-2 is a monthly inward supply report, which can also include reverse charge transactions. It is used to do buyer-seller reconciliation, also known as invoice matching, by the government.
Procedure for Filing Nil GSTR 2 Return
Who is Eligible to Use GSTR-2B? All regular taxpayers, SEZ units and developers, and casual taxpayers registered under GST can use GSTR-2B. It is not applicable to composition taxpayers. Businesses under QRMP scheme also receive GSTR-2B monthly for ITC planning.
How can I view and download Form GSTR-2B?
Types of GST in India
CGST (Central Goods and Services Tax) SGST (State Goods and Services. IGST (Integrated Goods and Services Tax) UTGST (Union Territory Goods and Services Tax)