{"id":68140,"date":"2025-03-03T15:59:56","date_gmt":"2025-03-03T10:29:56","guid":{"rendered":"https:\/\/piceapp.com\/blogs\/?p=68140"},"modified":"2025-03-03T16:00:56","modified_gmt":"2025-03-03T10:30:56","slug":"how-to-file-gstr-2-on-gst-portal","status":"publish","type":"post","link":"https:\/\/piceapp.com\/blogs\/how-to-file-gstr-2-on-gst-portal\/","title":{"rendered":"How to File GSTR 2 on GST Portal?"},"content":{"rendered":"\n
GSTR-2 has been suspended from 2017 onwards; however, knowing how to file GSTR-2 on the GST portal can help taxpayers in case the GST Council reintroduces it. Form GSTR-2 and Form GSTR-3 have been replaced by Form GSTR-3B. <\/p>\n\n\n\n
GSTR-2 Form used to be the return filing form containing detailed information about inward supplies. <\/a>Learn about the filing process for a seamless experience if the government reintroduces it.<\/p>\n\n\n\n Here is the process to follow to file GSTR-2:<\/p>\n\n\n\n Step 1: Visit the official GST portal and log in using your credentials.<\/p>\n\n\n\n Step 2: Navigate to the \u2018Services\u2019 tab and select \u2018Returns\u2019.<\/p>\n\n\n\n Step 3: Choose the month from the drop-down menu for which you are filing GSTR-2 returns.<\/p>\n\n\n\n Step 4: Under GSTR-2, select \u2018Prepare Online\u2019.<\/p>\n\n\n\n Step 5: Fill in all the 11 tiles with relevant details. Notably, details that are not auto-populated in GSTR-2A or need amendment should be filled in this section.<\/p>\n\n\n\n Here is the importance of GSTR-2:<\/p>\n\n\n\n \u25cf\u00a0\u00a0GSTR-2 captured information about inward supplies including purchases and services availed for a specific tax period.<\/p>\n\n\n\n \u25cf\u00a0\u00a0Taxpayers used this return to claim an input tax credit (ITC) by matching it with purchase information in the supplier’s GSTR-1. It thus helped optimise ITC for reduced tax liability.<\/a><\/p>\n\n\n\n \u25cf\u00a0Reconciling data between GSTR-2 and GSTR-2A helped taxpayers identify discrepancies such as incorrect or missing invoices.<\/p>\n\n\n\n \u25cf\u00a0GSTR-2 return filing helped the government prevent tax evasion, ensure tax compliance and facilitate transparency in the Indian financial ecosystem.<\/p>\n\n\n\n \u25cf\u00a0By filing GSTR-2 returns within the due date, taxpayers avoided penalties and ensured smooth cash flow.<\/p>\n\n\n\n Notably, GSTR-2 was suspended in 2017 at the government’s discretion. However, knowing the importance of the form can help taxpayers if the government reintroduces it.<\/p>\n\n\n\n Buyer-seller reconciliation is the invoice matching process wherein the seller’s taxable sales and the buyer’s taxable purchases are matched. Input Tax Credit (ITC) is available when purchase details filed in GSTR-2 returns match with the sales (outward supplies) filed in the seller’s GSTR-1. <\/p>\n\n\n\n As a result, reconciliation is crucial for accurate ITC claims and smooth cash flow<\/a>. Notably, after the suspension of GSTR-2, you can find the relevant details in GSTR-3B.<\/p>\n\n\n\n For instance, Mr X purchases 100 pens at \u20b9500 from Y Stationery. Mr X needs to declare the same in GSTR-2 (presently GSTR-3B) and Y Stationery needs to show it in GSTR-1. A mismatch in the two amounts will result in an inaccurate ITC claim.<\/p>\n\n\n\n Currently, the reconciliation is undertaken by matching GSTR-2B and GSTR-3B. Taxpayers, however, might need to refer to GSTR-2A to match the details.\u00a0 After GSTR-2 suspension<\/a>, the majority of the details are auto-populated from GSTR-1 for a seamless return filing process.<\/p>\n\n\n\n The GST Act declared the due date for filing GSTR-2 returns as the 15th of the following month. It further mandated a 5-day gap between GSTR-1 and GSTR-2 filing to allow rectification of errors<\/a> and discrepancies. Nevertheless, the GST Act did not declare any return filing date for businesses on a quarterly basis.<\/p>\n\n\n\n Here are the consequences of non-filing or late filing of GSTR-2:<\/p>\n\n\n\n \u25cf\u00a0Taxpayers cannot file returns in Form GSTR-3.<\/p>\n\n\n\n \u25cf\u00a0Cascading effect on tax with applicable fines and penalties<\/p>\n\n\n\n Notably, GSTR-3 has been suspended in addition to GSTR-2 since 2017. However, late filing of GSTR-3B (replaced form for GSTR-3) attracts interest at the rate of 18% per annum. It additionally attracts a late fee of \u20b9200 per day (\u20b9100 for CGST and \u20b9100 for SGST) up to a maximum of \u20b95,000 (no late fee applicable for IGST).<\/p>\n\n\n\n All registered persons under the tax authorities have to file GSTR-2. However, the following list of entities are exemptions:<\/p>\n\n\n\n \u25cf\u00a0Input Service Distributors (ISD)<\/p>\n\n\n\n \u25cf\u00a0\u00a0Non-resident Taxable Persons<\/p>\n\n\n\n \u25cf\u00a0\u00a0Composition Dealers<\/p>\n\n\n\n \u25cf\u00a0\u00a0Persons liable to collect TCS (Tax Collected at Source)<\/p>\n\n\n\n \u25cf\u00a0 TDS (Tax Deducted at Source) deductors<\/p>\n\n\n\n \u25cf\u00a0\u00a0\u00a0Suppliers of online information and database access or retrieval services (OIDAR) are liable to pay taxes themselves as per Section 14 of the IGST Act.<\/p>\n\n\n\n Notably, you cannot claim ITC on the supply of non-business goods and services (personal supplies) followed by exempt supplies.<\/a><\/p>\n\n\n\nProcess to File GSTR-2<\/h2>\n\n\n\n

Significance of Filing<\/h2>\n\n\n\n
What Is Buyer-Seller Reconciliation?<\/h2>\n\n\n\n
GSTR-2 Deadline Before Suspension<\/h2>\n\n\n\n

GSTR-2 Non-filing Consequence<\/h2>\n\n\n\n
Exempted Entities for Filing GSTR-2<\/h2>\n\n\n\n