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HOW TO VIEW GST 2A ON GST PORTAL?

HOW TO VIEW GST 2A ON GST PORTAL?

INTRODUCTION

GSTR 2A is a statement of inward supplies generated for a recipient in the GST portal. It is a system-generated document that is auto-populated based on the details of invoices uploaded by the supplier in his/her GSTR-1 return. GSTR 2A is a read-only document and cannot be edited or filed on the GST portal.

ADVANTAGES OF GST 2A ON GST PORTAL

  • Input Tax Credit (ITC Verification): GST 2A acts as a reconciliation tool for businesses to verify the ITC claimed in their GST returns (GSTR-3B) against the invoices uploaded by their suppliers in their GSTR-1. This helps ensure that the ITC claimed matches the eligible credits.

  • Data Accuracy: GST 2A provides businesses with a detailed summary of the invoices uploaded by their suppliers. This helps in cross-verifying the data, ensuring accuracy in tax reporting and compliance.

  • Transparency: It promotes transparency in the tax system by allowing taxpayers to verify whether their suppliers have reported their sales accurately. This reduces the chances of tax evasion and fraud.

  • Tax Compliance: GST 2A is a valuable resource for tax compliance and helps taxpayers adhere to GST rules by verifying the details of their purchases and ensuring that they are correctly accounted for in their returns.

  • Reduced Tax Disputes: By reconciling their purchases with the data in GST 2A, businesses can identify and rectify discrepancies, reducing the likelihood of tax disputes and audits.

  • Efficiency in Reconciliation: GST 2A simplifies the reconciliation process between buyers and suppliers. Businesses can quickly identify missing or mismatched invoices and rectify them, streamlining the reconciliation process.

  • Timely Action: It enables businesses to take timely action in case of discrepancies, such as reaching out to suppliers for corrections, which can prevent issues from accumulating and becoming more challenging to resolve.

  • Audit Trail: GST 2A serves as an audit trail, providing a record of all invoices uploaded by suppliers. This documentation is useful during tax audits to demonstrate compliance.

  • GST Compliance Rating: Consistently reconciling GST 2A data and maintaining accurate records can contribute to a higher GST compliance rating, which can be beneficial when dealing with authorities and business partners.

  • Prevention of Unintentional Errors: It helps in identifying and rectifying unintentional errors made by suppliers, reducing the chances of incorrect GST claims.

DISADVANTAGES OF GST 2A ON GST PORTAL

  • Delayed Updates: GST 2A relies on suppliers uploading their GSTR-1 returns on time. If suppliers delay or fail to upload their invoices promptly, it can cause delays in reconciling and claiming input tax credit (ITC).

  • Incomplete Data: Some suppliers may not upload all of their invoices, leading to missing data in GST 2A. This can result in ITC losses for recipients who are unable to claim credit for missing invoices.

  • Data Mismatches: Mismatches between the data in GST 2A and a recipient’s records can occur due to errors or discrepancies in invoices. Resolving these mismatches can be time-consuming and may require communication with suppliers.

  • ITC Reversal: If suppliers file their GSTR-1 with errors or discrepancies and later revise it, it may lead to ITC reversal for the recipient. Recipients must stay vigilant to avoid such situations.

  • Complex Reconciliation: For large businesses with numerous suppliers and invoices, the reconciliation process can be complex and resource-intensive, requiring dedicated personnel and technology.

  • Supplier Non-Compliance: Some suppliers may not be fully compliant with GST regulations, and their non-compliance can impact the accuracy of the data in GST 2A.

  • Limited Historical Data: GST 2A typically provides data for a limited period, often two months behind the current date. This limitation can make it challenging to access historical data for reconciliation.

  • Compliance Challenges: While GST 2A helps identify discrepancies, resolving those discrepancies and ensuring accurate ITC claims can be challenging, particularly when dealing with non-responsive or uncooperative suppliers.

  • Manual Effort: Reconciliation often requires manual effort, such as comparing invoices line by line, which can be time-consuming and prone to errors.

  • ITC Eligibility Criteria: Not all ITC claims are eligible, and businesses must ensure that the conditions for claiming ITC are met. Failure to meet these criteria can lead to ITC reversals and additional tax liabilities.

How to view GSTR 2A on the GST portal

  1. Login to the GST portal using your credentials.
  2. Click on the “Services” tab.
  3. Select “Returns”.
  4. Click on “Returns Dashboard”.
  5. Select the financial year and return filing period for which you want to view GSTR 2A.
  6. Click on the “View” button in the tile for GSTR 2A.

here are the key points on how to view GSTR 2A on the GST portal:

  1. Login to the GST portal using your credentials.
  2. Click on the “Services” tab.
  3. Select “Returns”.
  4. Click on “Returns Dashboard”.
  5. Select the financial year and return filing period for which you want to view GSTR 2A.
  6. Click on the “View” button in the tile for GSTR 2A.

CONCLUSION

GSTR 2A is a useful tool for recipients to reconcile their purchase data with the details filed by the supplier. It can also be used to identify any discrepancies in the supplier’s invoices. However, it is important to note that GSTR 2A is a static document and does not reflect any changes made to the supplier’s invoices after they have been uploaded. Therefore, it is always advisable to contact the supplier to resolve any discrepancies.

HOW AURIGA ACCOUNTING HELP YOU TO VIEW GST 2A ON GST PORTAL

  • Access to GST Portal: Auriga Accounting can guide you on how to access the GST portal, including the web address and login credentials required to log in.

  • Navigation: They can provide step-by-step instructions on how to navigate to the GSTR-2A section on the portal. This typically involves logging in, going to the ‘Services’ menu, and selecting ‘Returns Dashboard’ or a similar option.

  • Accessing GSTR-2A: Auriga Accounting can show you how to access your GSTR-2A form specifically. GSTR-2A is a summary of the purchases made by your business based on the information filed by your suppliers in their GSTR-1 forms.

  • Viewing and Downloading: They can demonstrate how to view and download the GSTR-2A for a particular tax period. GSTR-2A can be useful for reconciliation purposes and to ensure that your input tax credit (ITC) claims match your suppliers’ reported sales.

  • Understanding Data: Auriga Accounting can help you understand the data in your GSTR-2A, including the supplier’s GSTIN, invoice details, and the amount of GST paid on your purchases.

  • Reconciliation Assistance: If there are discrepancies or mismatches in your GSTR-2A data compared to your own records, Auriga Accounting can provide guidance on how to reconcile these differences and take appropriate actions.

  • Compliance Advice: The firm can offer compliance advice related to GSTR-2A, including ensuring that you meet the necessary requirements and deadlines for reconciliation and claiming ITC.

  • Documentation: They can advise on the documentation and record-keeping required to support your GSTR-2A reconciliation and ITC claims.

  • GST Audit Support: In case of GST audits or inquiries related to your GSTR-2A data, Auriga Accounting can provide support, including preparing documentation and explanations.