GSTR-2 is a purchase return that must be submitted by all GST licenced individuals. In the GSTR 2, taxpayers must insert information about their inward supplies.

The GSTR-2 is a monthly tax return that lists your purchases for the month. Once you buy from an approved seller, the details from their sales returns (GSTR-1) would be visible throughout the GSTN portal as GSTR-2A, which you could use in your GSTR-2. Before filing your return, you can double-check this material, make adjustments if needed, and attach any data which were not auto-populated.

If you make changes to the GSTR-2A and submit it as a GSTR-2, the provider would be alerted and will be offered an option to modify their return using a GSTR-1A form.

Last date for filing GSTR 2?

The purchase information for a given month must be submitted by the 15th of the next month. For instance, if you are submitting GSTR2 for May, you must do so by June 15th.

gstr 2

Who should file GSTR 2?

Every GST-registered business must submit this GSTR 2. Except the people mentioned below are exempt.

  • Composition dealers
  • Non-resident taxable entities
  • Input Service Distributors
  • Entities that deduct TDS
  • Persons that collect TCS
  • Online Information and Database Access or Retrieval Services (OIDAR) suppliers

Must Read – What is GSTR 2A?

Requirements for filing GSTR-2

  • You should be a GST authorized taxpayer with a 15-digit valid GSTIN.
  • You cannot be a composition seller or own a UIN. You can therefore not be a non-resident overseas taxpayer.
  • You’ll require the information from the GST portal on your GSTR-2A. To cross-check this info, hold accurate receipts for almost all of your transactions, which include intra-state & inter-state transactions, and also business-to-business (B2B) and business to customer (B2C) sales. Purchase transactions for exempted and non-GST supplies, as well as stock exchanges between your company locations in various states, are also included.
  • To confirm the return the taxpayer can use the OTP number on the verified number or via a DSC of class 2 or higher would do the job. Or the taxpayer can use an Aadhar-based e-sign for GST returns.