ॐ असतो मा सद्गमय
(ICAI FAQ PUBLICATION 06-09-2017 -: Returns : FAQ NO. 12)
The details regarding inward supplies will be auto-populated from GSTR-2A. However, the recipient can modify/delete/add the details of inward supply. Key points to be disclosed are as follows:-
Details of inward supplies from registered persons and unregistered persons
Details of debit notes/ credit notes issued by the suppliers to the person.
Details of inward supplies attracting reverse charge.
Details of goods, capital goods and services procured from outside India. Further, the details of total eligible input tax credit and input tax credit available in the current tax period shall also be disclosed.
Specify the inward supplies on which he is not eligible, either fully or partially, for input tax credit for each invoice.
Specify the quantum of ineligible input tax credit on inward supplies, which are relatable to non-taxable supplies or for purpose other than business, which cannot be determined invoice level.
Supplies received from composition taxable person, unregistered persons and other exempt/nil/non-GST supplies shall be reported separately.
Input tax credit received from ISD, TDS credit and TCS credit.
Input tax credit received on an invoice on which partial credit was claimed earlier.
Where there is liability to pay tax under reverse charge mechanism even though the invoice has not been received.
Where tax has already been paid under reverse charge mechanism in the earlier period but invoice has been received in the current tax period.
Input tax credit reversed along with the reason for such reversal.
HSN Summary of Inward Supplies
(ICAI FAQ PUBLICATION 06-09-2017 -: Returns : FAQ NO. 11)
All registered taxable persons are required to furnish the details of inward supplies of goods and services effected during the tax period, except:
(a) Input Service Distributors
(b) Composition suppliers
(c) Non-resident taxable persons
(d) Persons liable to deduct tax at source as per Section 51
(e) Persons liable to collect tax at source as per Section 52
(f) Person providing OIDAR Services
The details should be furnished electronically in the format prescribed in
FORM GSTR-2. Such returns should be furnished after 10th but before 15th of the succeeding tax period.
(ICAI FAQ PUBLICATION 06-09-2017 -: Returns : FAQ NO. 10)
Where the recipient has modified/deleted/added any details in his FORM GSTR-2, the supplier will receive a communication in FORM GSTR-1A. The supplier can accept or reject such modifications/deletions/addition before 17th of the succeeding period. If the supplier accepts the modifications/deletions/addition, the details furnished by him in
FORM GSTR-1 will be amended automatically.
(ICAI FAQ PUBLICATION 06-09-2017 -: Returns : FAQ NO. 8)
If the recipient finds that certain inward supplies made to him in the tax period are not reflected in the FORM GSTR-2A, the recipient can manually add the details of such supplies in FORM GSTR-2. Such additions will be communicated to the supplier in FORM GSTR-1A. The supplier can accept/reject such modifications before 17th of the succeeding period, upon which, FORM GSTR-1 filed by him would stand amended.
(ICAI FAQ PUBLICATION 06-09-2017 -: Returns : FAQ NO. 7)
If the recipient modifies/deletes any details, such modification/deletion will be
communicated to the supplier in FORM GSTR-1A. The supplier can accept/reject such modification/deletion before 17th of the succeeding tax period. To the extent of such modifications/ deletions, FORM GSTR-1 of the supplier would stand amended.
(ICAI FAQ PUBLICATION 06-09-2017 -: Returns : FAQ NO. 6)
The recipient can verify and validate/modify/delete such details and even add details, and thereafter submit the same in FORM GSTR-2 on or before 15th of the succeeding tax period.
(ICAI FAQ PUBLICATION 06-09-2017 -: Returns : FAQ NO. 5)
The details uploaded by the supplier in GSTR-1 would be communicated to the recipient in Part A of FORM GSTR-2A, which is an auto-drafted form
(ICAI FAQ PUBLICATION 06-09-2017 -: Returns : FAQ NO. 4)
The supplier has to furnish the details of invoices, debit notes, credit notes and revised invoices issued in relation to outward supplies made during the tax period. Key points to be disclosed are as follows:-
supplies made to registered persons and unregistered persons including
consumers.
Inter-State supplies to a consumer (non-registered person) where invoice value is more than 2,50,000/- should be separately captured.
Consolidated amount of Intra-State supplies to a consumer (non-registered
person) for each rate of tax.
Zero rated supplies, Exempted supplies, Nil-rated supplies, Exports (including deemed exports) and non-GST supplies should each be captured, separately.
Tax liability arising in the current tax period where invoice is not issued in the
current tax period (i.e., yet to be raised, in case of advance).
Invoices issued in the current tax period for which tax was already paid earlier (adjusting the previous advances).
Supplies made through e-commerce portal of other companies to registered taxable persons and other consumers, separately.
The supplier has to mention the Harmonized System of Nomenclature for goods and Service Accounting Code.
Documents issued during the tax period
(ICAI FAQ PUBLICATION 06-09-2017 -: Returns : FAQ NO. 3)
All registered taxable persons are required to furnish the details of outward supplies of goods and services effected during the tax period, except:
(a) Input Service Distributors
(b) Composition suppliers
(c) Non-resident taxable persons
(d) Persons liable to deduct tax at source as per Section 51
(e) Persons liable to collect tax at source as per Section 52
(f) Person providing OIDAR Services
The details should be furnished electronically in the format prescribed in
FORM GSTR-1. Such returns should be furnished on or before 10th of the succeeding tax period.
(ICAI FAQ PUBLICATION 06-09-2017 -: Returns : FAQ NO. 2)