Inward Supplies of Goods and Services (Purchases)
GSTR 2 includes the details of inward supplies of goods and services (purchases) by the taxpayer. This form is auto populated from the GSTR 1 filed by the supplier. It includes the following details,
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GSTR 2 contains invoice level inward supply information rate wise as reported by the supplier in GSTR 1. Most of the details are auto populated from the other party return.
The taxpayer can accept, reject, modify (if information provided by supplier is incorrect) or keep the transactions pending for action (if goods or services have not received).
Yes. The taxpayer can add invoice if he is in possession of invoices and have received the goods or services.
Every registered taxable person other than input service distributor/Composition taxpayer / TDS Deductor/TCS Collector (E Commerce operator) is required to file GSTR 2.
When GTSR 1 is filed after filing of GSTR2 by the counterparties, the details declared in GSTR 2 gets auto populated to GSTR 1 and the supplier is expected to take action on such details before filing of its GSTR 1.