In this post, we will learn about GSTR 2. We will cover the following topics:

Important note: The facility of filing GSTR 2 is temporarily suspended until any further notice

What is the meaning of GSTR 2?

Every registered taxable person has to furnish details of purchases or inward supplies for a tax period in GSTR-2.

Who will file GSTR-2?

Every registered person needs to file GSTR-2 regardless of whether there are any transactions during that particular month or not.

However, the following type of registered dealers are exempted from filing GSTR 2 –

  • Input Service Distributors (ISD)
  • Composition Dealers
  • Non-residential taxable persons
  • Persons who are liable to collect TCS
  • Persons required to deduct TDS or E-commerce operators

GSTR-2 due date

  • The due date for filing GSTR-2 is 15th of the following month.
  • To correct any errors you have a 5-day gap in between GSTR-1 and GSTR-2 filing.

GSTR-2 Late fees and Penalty

  • A penalty of Rs.100 per day is applicable in case of late filing of GST return under both CGST and SGST Act.
  • The penalty would be payable for the period in which the taxpayer in case of failure to file the return.
  • The maximum penalty would be up to Rs.5000.

Download the GSTR-2 Format.

Related: How to file GSTR-2 through Saral GST

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