Computation Details of GSTR-2 in TallyPrime: 3 Easy Steps

While the filing of GSTR-2 is currently suspended, understanding the “Computation Details” section of GSTR-2 (should it be reintroduced) is valuable for potential future compliance requirements.

Here’s an explanation of what you would find in TallyPrime:

1. What is the Computation Details Section?

The “Computation Details” (sometimes called “Particulars”) section in GSTR-2 provides a deeper dive into the purchase data used for the GSTR-2 return.

It offers detailed information on each purchase transaction included in your return, assisting you in analyzing and verifying its accuracy.

2. Key Information within Computation Details:

1. Taxable Purchases:

  • Invoice number and date
  • Supplier name and GSTIN
  • Place of supply
  • Taxable value
  • Tax rate (CGST, SGST, IGST)
  • Tax amount (CGST, SGST, IGST)

2. Taxable Purchases from Supplier of Services:

Provides similar details as above but for purchases specifically related to services.

3. Import of Goods:

  • Bill of entry number and date
  • Port code
  • Taxable value
  • Tax rate (if any)
  • Tax amount (if any)

4. ITC Ineligible (Import of Services):

Lists details of any purchases where input tax credit cannot be claimed.

5. Tax Adjustments:

This area would include any adjustments made to your tax liability under various reasons, including:

  • Advance paid
  • Debit/credit notes
  • Reverse charge transactions

3. Benefits of Understanding Computation Details in GSTR-2:

  • Offers greater transparency into the data contributing to your GSTR-2.
  • Aids in identifying discrepancies or input tax credit errors.
  • Can be used for reconciliation with supplier invoices and accounts.
  • Provides additional information to support your GSTR-2 filing and claims.

Important Notes:

  • GSTR-2 filing is currently suspended, so the functionality and display of the “Computation Details” section may vary within TallyPrime depending on the version.
  • Reviewing this section was crucial for accurate GSTR-2 filing (should it be reintroduced).
  • Consulting a qualified accountant is always recommended for complex issues or changing GST regulations.

Even though the functionality might be limited currently, understanding how TallyPrime structures your GSTR-2 purchase data remains beneficial.

If GSTR-2 filing is reintroduced in the future, this knowledge will equip you for accurate reporting and compliance.


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