GSTR-2 Summary of Exceptions in TallyPrime: 5 Easy Steps

Feb 29, 2024

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While GSTR-2 filing is currently suspended, understanding the “Summary of Exceptions” section in TallyPrime can be valuable for future compliance or preparing for potential future changes.

Here’s what you’d typically encounter:

Table of Contents

1. Accessing the Summary:

Go to Gateway of Tally > Display > Statutory Reports > GST Reports > GSTR-2.
Select the relevant Return Period (year & month/quarter).

2. Summary Overview:

The “Summary of Exceptions” section helps identify any discrepancies or missing information that might prevent transactions from being included in your GSTR-2 report.

TallyPrime assists you in resolving these exceptions before filing the return.

Here’s a breakdown of what you might see:

3. List of Exception Types:

The section categorizes exceptions based on the type of discrepancies encountered.
Common exceptions include:
- Information Required for Generating Table-wise Details Not Provided: Missing crucial details like invoice number, date, tax rate, or place of supply.
- Nature of Transaction and Place of Supply Mismatch: Inconsistent information between the nature of a transaction (e.g., sale, purchase) and its place of supply.
- Party’s Country, State, and Dealer Type Not Specified: Missing information about the supplier, like their country, state, or dealer type (registered, unregistered).
- Tax Rate/Tax Type Not Specified: Missing information about the applicable tax rate or type (CGST, SGST, IGST).
- Other exceptions related to invoice references, e-way bill details, and specific purchase types.

4. Number of Vouchers with Each Exception:

The summary displays the number of purchase vouchers categorized under each exception type.

5. Drill-down into Exceptions:

You can click on a specific exception type to view the individual transactions affected by that discrepancy.
This allows you to analyze the details and make necessary corrections.

Benefits of Reviewing the Summary of Exceptions:

Ensures timely identification and resolution of potential errors before filing GSTR-2.
Facilitates accurate reporting and minimizes the risk of penalties for incorrect data.
Helps maintain data integrity and compliance with GST regulations.

Important Note:

GSTR-2 filing is currently suspended, so the functionality and displayed exceptions within the “Summary of Exceptions” section might vary depending on your TallyPrime version.
Reviewing this section was crucial for ensuring accurate GSTR-2 filing when it was active.
Always consult a qualified accountant for guidance on specific requirements and handling complex exceptions.

By understanding how TallyPrime highlights potential issues with your GSTR-2 data, you can be well-prepared to address them efficiently when GSTR-2 filing resumes.