04 November 2017
Dear Jaimin,.
1. Accept
The auto-populated invoices which are matching with your books of account and there are no discrepancies related to invoice value, tax value and so on, you have to accept such invoices using this ‘Accept’ action.
2. Add
The ‘Add’ action in GSTR-2 allows you to add the additional details which are required to be furnished in GSTR-2, which are not part of GSTR-2A. In GSTR-2, the details of imports, supplies attracting reverse charge that have been received by registered persons and so on are required to be added by using the ‘Add’ action.
Also, if any of your inward supplies received from registered suppliers are not reflecting in GSTR-2A, they need to be added using the above action.
3. Modify
The ‘Modify’ action in GSTR-2needs to be performed if the invoice details are incorrect. This could happen, if your supplier has made an error while uploading the invoice details in GSTR-1. You can use the ‘Modify’ action to rectify or modify the details.
4. Reject
The ‘Reject” action needs to be performed, if any of the invoices auto-populated in GSTR-2A have not been received by you, and need to be rejected. This occurs, if the supplier has wrongly mentioned your GSTIN but the actual recipient is different. This needs to be rejected using the above option.
5. Pending
Consider a situation, where the date of supply of goods by your supplier and the date of receipt of goods are in two different months. Let’s say, the supplier has billed and dispatched the goods on 31st July, 2017 but you have received the goods on 3rd August, 2017.
In this case, you will become eligible to claim ITC only in the month of August 2017. This is because, only when the invoice and the goods are received, will you be allowed to claim ITC On provisional basis. This then becomes your eligible (final) ITC when your supplier furnishes his return along with the payment of tax.
However, your supplier is required to upload and pay the tax liabilities on the above invoice in the month of July. This invoice will be part of GSTR-2A and thus you have to mark it as ‘Pending’ for the month of July. Once an invoice is marked as ‘Pending’, it will appear in the month of August 2017, for you to accept and claim input credit in the month of August 2017.
CAclubindia
