HOW TO GENRATE GSTR-2 FROM TALLY
● Go
to Gateway of Tally > Display > Statutory
Reports > GST > GSTR–2. If the
report is not appearing in the format shown below, press Alt+V.
Click F1: Detailed to
view the breakup of taxable purchases and purchases under reverse charge for
B2B invoices.
Note: You can press Alt+A in GSTR-2 report
to change the view from return format to summary view and vice-versa.
● Specify
the required reporting period by pressing F2.
● You can
generate the report with the line HSN Summary of inward supplies by
enabling the option Show HSN/SAC Summary?.
● You can
generate the HSN/SAC Summary report with only the description
or HSN or both, based on the grouping set in the option Group vouchers
by.
As per
the GST return format view, there are two sections in this report:
● Returns
summary - a snapshot of the business operations in the given period.
● Particulars
- structured as provided by the department.
● Go
to Gateway of Tally > Display > Statutory
Reports > GST > GSTR–2. If the
report is not appearing in the format shown below, press Alt+V.
Displays the local and interstate transactions of inward supplies.
In the
summary view, there are two sections in the report:
● Returns
summary - a snapshot of the business operations in the given period.
● Particulars
- displays the taxable value and tax amount from outward supplies considered in
the returns.
Show
break-up of nett values?: Enable this option to display gross value,
returns, and addition/deduction values in detailed mode of the report. This
option is disabled by default.
Show tax
types in separate columns?: Enable this option to view all GST tax types
in separate columns. This option is enabled by default. When this option is
displayed, tax amount is displayed in a single column without the central tax,
state tax and integrated tax break-up.
Show tax
details of: Select Input Credit Only to view only the tax
amount that you can claim as credit. Select Tax Paid Only to
view the tax amount that you have paid. Select Both to view
the tax paid and the tax credit that can be claimed.
Round-off
margin: It is set to 1. You can change it as required to ensure the
relevant transactions are included in the returns.
This
section provides a summary of all transactions recorded in the reporting
period. You can drill down on each row to view the details.
Total number of vouchers
for the period
Drill
down shows the Statistics report, listing the vouchers
participating in the GST return.
Included
in returns
Drill down from this row to
view the Summary of Included Vouchers report, with the list of
voucher-types with voucher count.
Not
relevant for returns
Drill down from this row to
view the Summary of Excluded Vouchers report, with the
transaction type-wise voucher count.
Other transaction types
that can appear under excluded vouchers:
● Excluded
by User: Manually excluded by you from the list of included or uncertain
transactions. Drill down and use I: Include Vouchers, if
required. Based on the information in the voucher it will move to either
included or uncertain.
● Contra
Vouchers: The count of contra entries which involve only bank and cash
ledgers.
● Order
Vouchers: The count of sales order, purchase order, job work in order, and
job work out order vouchers.
● Inventory
Vouchers: The count of receipt note, stock journal, delivery note,
material in, material out, rejections in, rejections out, and physical stock
vouchers as they are purely inventory in nature and do not attract GST.
● Payroll
Vouchers: The count of transactions recorded using payroll and attendance
vouchers. GST does not apply to these transactions.
● Other
voucher: The count of memorandum and reversing journal vouchers.
● No GST
Implications: The count of receipts, payments, and journal vouchers that do
not have any GST implication.
● Non
GSTR-2 Transactions: The transactions which are part of other returns, for example:
GSTR – 1, and hence will not have any implication on GSTR–2.
All the transaction types
are not displayed by default. Based on the voucher type used and the exclusions
done by you, the relevant categories appear with the voucher count.
Incomplete/mismatch
in information (to be resolved)
The count of all vouchers
with insufficient GST-related information. You can correct exceptions in the
vouchers before exporting GST returns.
The exceptions are listed
in the order of priority, based on the importance of the information for
generating returns. You need to update the missing information and resolve the mismatches to include
these in the returns.
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Taxable
purchases made from regular dealers are captured here. If your tax invoice had
exempt and nil rated items along with taxable items, then the value is captured
here.
If you
want to capture the values of only the taxable items as a B2B invoice,
as per GST rules record separate invoices for taxable items.
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Nature of transaction
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Taxability
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Registration type
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● Purchase
Taxable (including reverse charge supplies, and Nature of goods - Capital
Goods when grouped under Fixed Assets)
● Purchase
Exempt
● Purchase
Nil Rated
● Interstate
Purchase Taxable (including reverse charge supplies, and Nature of goods -
Capital Goods when grouped under Fixed Assets)
● Interstate
Purchase Exempt
● Interstate
Purchase Nil Rated
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● Taxable
● Exempt
(Taxable and exempt item in invoice)
● Nil
Rated (Taxable and nil rated item in invoice)
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● Regular
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The
party-wise drill down report appears as shown below:
The
transaction-wise drill-down report for each party appears as shown below:
Journal
vouchers recorded for increase of tax liability and tax credit on inward
supplies from unregistered dealer.
Increase
of Tax Liability
Journal
voucher recorded by debiting expenses/current assets ledger, and crediting tax
ledgers, with:
● Nature of
Adjustment - Increase of Tax Liability
● Additional
Details - Purchase From Unregistered Dealer
Increase
of Input Tax Credit
Journal
voucher recorded by debiting tax ledgers and crediting expenses/current assets
ledger, with:
● Nature of
Adjustment - Increase of Input Tax Credit
● Additional
Details - Purchase From Unregistered Dealer
Note: Reverse charge on purchase from unregistered dealers has
been suspended till 31.03.2018. To support this calculation of tax
liability for reverse charge on URD purchase has been disabled in Release 6.1.1.
An option Enable tax liability on reverse charge (Purchase from
unregistered dealer) is provided in Company GST Details screen
to activate the tax liability for reverse on URD purchase whenever it is
re-introduced.
From Release 6.1.1,
the purchase from URD transactions will be treated as exempt transactions
in GSTR-2 and journal vouchers recorded for tax liability will
be under Not relevant for returns.
Inward
supply of services as imports and purchase from SEZs.
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Nature of transaction
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Type of Supply
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Taxability
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● Imports
Taxable
● Imports
Exempt
● Purchase
From SEZ - Taxable
● Purchase
From SEZ - Exempt
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● Service
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● Taxable
● Exempt
● Nil
Rated
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Inward
supply of goods as imports and purchase from SEZs.
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Nature of transaction
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Type of Supply
|
Taxability
|
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● Imports
Taxable (including Nature of goods - Capital Goods when grouped under Fixed
Assets)
● Imports
Exempt (including Nature of goods - Capital Goods when grouped under Fixed
Assets)
● Purchase
From SEZ - Taxable (including Nature of goods - Capital Goods when grouped
under Fixed Assets)
● Purchase
From SEZ - Exempt (including Nature of goods - Capital Goods when grouped
under Fixed Assets)
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● Goods
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● Taxable
● Exempt
● Nil
Rated
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The Voucher
Register of Import of Goods - 5 appears with details
of bill of entry, bill of entry date and port code.
Credit
and debit notes, recorded by selecting dealers having GSTIN in the reporting
period.
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Nature of transaction
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Taxability
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Registration Type
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● Purchase
Taxable (including Nature of goods - Capital Goods when grouped under Fixed
Assets)
● Purchase
Exempt (including Nature of goods - Capital Goods when grouped under Fixed
Assets)
● Purchase
Nil Rated
● Interstate
Purchase Taxable (including Nature of goods - Capital Goods when grouped
under Fixed Assets)
● Interstate
Purchase Exempt (including Nature of goods - Capital Goods when grouped under
Fixed Assets)
● Interstate
Purchase Nil Rated
● Purchase
From SEZ - Taxable (including Nature of goods - Capital Goods when grouped
under Fixed Assets)
● Purchase
From SEZ - Exempt (including Nature of goods - Capital Goods when grouped
under Fixed Assets)
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● Taxable
● Exempt
(Taxable and exempt item in invoice)
● Nil
Rated (Taxable and nil rated item in invoice)
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● Regular
● Unknown
with GSTIN/UIN
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Credit
and debit notes of imports, and journal vouchers recorded for cancellation of
advance payments under reverse charge in the reporting period.
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Nature of transaction
|
Taxability
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● Imports
Taxable (including Nature of goods - Capital Goods when grouped under Fixed
Assets)
● Imports
Exempt (including Nature of goods - Capital Goods when grouped under Fixed
Assets)
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● Taxable
● Exempt
(Taxable and exempt item in invoice)
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Journal
voucher recorded by debiting tax ledgers and crediting expenses/current assets
ledger, with:
Nature of
Adjustment - Decrease of Tax Liability
Additional
Details - Cancellation of Advance Payments under Reverse Charge
Displays
the exempt, nil rated and non-GST supplies from composition dealers.
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Nature of transaction
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Taxability
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Registration type
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● Interstate
Purchase Exempt (including Nature of goods - Capital Goods when grouped under
Fixed Assets)
● Interstate
Purchase Nil Rated
● Purchase
From Composition Dealer
● Purchase
Exempt (including Nature of goods - Capital Goods when grouped under Fixed
Assets)
● Purchase
Nil Rated
|
● Exempt
● Nil
Rated
● Exempt
and Nil rated item in invoice
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● Regular
● Consumer
● Unregistered
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Displays
the transactions recorded by setting the option Is non-GST goods? to Yes in
the ledger or item master.
Journal
voucher recorded by crediting tax ledgers and debiting expenses/current assets
ledger, with:
Nature of
Adjustment - Increase of Tax Liability
Additional
Details - Advances Paid under Reverse Charge
Journal
voucher recorded by debiting tax ledgers and crediting expenses/current assets
ledger, with:
Nature of
Adjustment - Decrease of Tax Liability
Additional
Details - Purchase against Advance Payment
Journal
vouchers recorded to reverse input tax credit are considered.
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Description for Reversal
of ITC
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Nature of Adjustment
(Journal Voucher)
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Additional Details
(Journal Voucher)
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Ledger Value Captured
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Amount
in terms of rule 37 (2)
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Reversal
of Input Tax Credit
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Non
payment to the buyer - Rule 37 (2)
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Credit
value of tax ledger
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(b)
Amount in terms of rule 39(1)(j)(ii)
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Reversal
of Input Tax Credit
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ISD
Credit note - Rule 39(1)(j)(ii)
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Credit
value of tax ledger
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(c)
Amount in terms of rule 42 (1) (m)
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Reversal
of Input Tax Credit
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Exempt
& Non business supplies - Rule 42 (1) (m)
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Credit
value of tax ledger
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(d)
Amount in terms of rule 43(1) (h)
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Reversal
of Input Tax Credit
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Capital
credit due to exempted supplies - Rule 43(1) (h)
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Credit
value of tax ledger
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(e)
Amount in terms of rule 42 (2)(a)
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Reversal
of Input Tax Credit
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On
account of claiming more - Rule 42 (2)(a)
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Credit
value of tax ledger
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(f)
Amount in terms of rule 42(2)(b)
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Increase
of Input Tax Credit
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Re-claim
of reversal ITC - Rule 42 (2)(b)
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Debit
value of tax ledger
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(g) On
account of amount paid subsequent to reversal of ITC
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Increase
of Input Tax Credit
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Re-claim
of reversal ITC (on account of buyer payment)
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Debit
value of tax ledger
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(h) Any
other liability (Specify)
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Reversal
of Input Tax Credit
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Others
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Credit
value of tax ledger
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(h) Any
other liability (Specify)
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Increase
of Input Tax Credit
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Others
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Debit
value of tax ledger
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Provides the details of
HSN/SAC-wise taxable value and tax amount of all inward supplies.
It displays the taxable
amount and tax value for URD purchases only for the days on which the set
threshold limit is exceeded. (default value of Rs. 5,000). This threshold limit
can be changed using the F12 configuration option in the
report. The threshold limit set is displayed in the report header section.
This
section displays the transaction values included in the returns along with the
amount of adjustments, and GST amount. Drill-down reports are provided for all
purchases and GST adjustments up to the transaction level.
Click F1:
Detailed to view the breakup of purchases based on tax rates.
Inward Supplies
The total
local and interstate sales are divided into Taxable and Exempted.
To view all the sales transactions,
1. Click F1:
Detailed to display the report in detailed mode.
2. Select
any of the rows displayed in italics, under Local Sales or Interstate
Sales.
3. Press Enter to
display the Voucher Register screen, as shown below:
You can
view this report ledger-wise or stock item-wise by clicking L:
Ledger-wise or S: Stock item-wise, and A:
Party-wise respectively.
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