High-Level Flow of Information from GSTR-2 to Other Returns

GST returns can be difficult to manage for small and medium business owners in India. One of the most challenging aspects of GST returns is understanding how information flows from one return to another. In this article, we will provide a high-level overview of how information flows from GSTR-2 to other returns.

GSTR-2A

Before we dive into how information from GSTR-2 flows to other returns, it's important to understand what GSTR-2A is. GSTR-2A is an auto-generated return that provides details of all inward supplies received by the registered dealer. It's important to note that GSTR-2A cannot be filed, but it serves as a reference for GSTR-2.

GSTR-2

GSTR-2 is a monthly return that provides details of all inward supplies received by the registered dealer. This return must be filed by the 15th of the following month.

When filing GSTR-2, the registered dealer must reconcile the details provided in GSTR-2A with the actual inward supplies received. If there are any discrepancies, the registered dealer must make corrections in GSTR-2.

GSTR-3B

GSTR-3B is a monthly return that provides a summary of sales and purchases made by the registered dealer. This return must be filed by the 20th of the following month.

When filing GSTR-3B, the registered dealer must enter the details of the inward supplies received in GSTR-2. The registered dealer must also enter the details of the outward supplies made, including the amount of tax collected and paid.

GSTR-1

GSTR-1 is a monthly return that provides details of all outward supplies made by the registered dealer. This return must be filed by the 10th of the following month.

When filing GSTR-1, the registered dealer must enter the details of the outward supplies made during the month, including the amount of tax collected and paid. The registered dealer must also reconcile the details provided in GSTR-3B with the actual outward supplies made.

Conclusion

Understanding the flow of information from GSTR-2 to other returns can be challenging, but it's essential for small and medium business owners in India. By following the guidelines provided by the GST council, business owners can ensure that they are filing accurate and timely returns.