The E-Way Bill System which is set to be executed national with effect from 01st....
Every registered taxable person is required to give details of Inward Supply, i.e., purchases for a tax period in GSTR-2.
GSTR-2 contains details of all the purchases transactions of a registered dealer for a month. It will also include purchases on which reverse charge applies.
The GSTR-2 filed by a registered dealer is used by the government to check with the sellers’ GSTR-1for buyer-seller reconciliation.
Buyer-seller reconciliation or invoice matching or is a process of matching taxable sales by the seller with the taxable purchases of the buyer.
It is vital because ITC on purchases will only be available if the details of purchases filed in GSTR-2 return of buyer matches with the details of sales filed in GSTR-1 of the seller.
Every registered person is required to file GSTR-2 irrespective of whether there are any transactions during the month or not.
However, these registered persons do not have to file GSTR 2 –