Tablewise GSTR-2 in TallyPrime: Explained in 5 Easy Steps

Here’s a breakdown of the previous explanations, offering more detail on how TallyPrime handles GSTR-2 data, even though filing this return is currently suspended:

1. The Concept of “Table-Wise” in GSTR-2:

  • The GSTR-2 form has a specific structure where your purchase data must be presented in designated tables.
  • Each table focuses on a particular category of purchases or adjustments, such as:
    • Purchases from registered suppliers (B2B invoices)
    • Imports of goods or services
    • Debit/Credit notes
    • Reverse charge transactions
    • Advances paid

2. TallyPrime’s Indirect Approach:

  • TallyPrime doesn’t have a feature that directly displays GSTR-2 data in these exact tables.
  • However, the way transactions are recorded and categorized within the software aligns with the table-wise requirements of the GSTR-2 form.
  • This means that when you record purchases, TallyPrime is intelligently assigning them to underlying categories linked to the potential GSTR-2 tables.

3. Data Extraction Through Reports:

  • TallyPrime doesn’t generate a ready-to-file GSTR-2 return.
  • Instead, it offers various reports that present purchase data in ways relevant to each table in the GSTR-2 form. These reports include:
    • Purchase Register: Details of purchases made.
    • Party Ledgers: Transaction-level summaries from specific suppliers.
    • Debit/Credit Note Register: List of adjustments to original purchases.
    • Customizable Reports: Can be tailored to extract data for specific scenarios.

4. Understanding the Mapping

  • The key to utilizing TallyPrime for GSTR-2 preparation lies in understanding how the software maps your purchase data to the different GSTR-2 tables.
  • This mapping involves:
    • How you create ledgers and tax categories.
    • Types of vouchers used for various transactions.
    • Configuration of purchase-related features like reverse charge.

5. Additional Tools:

1. Computation Details (Particulars):

This section offers a more granular breakdown of transactions and can be tailored to provide data relevant to GSTR-2 tables.

2. GSTR-2A Reconciliation:

Helps you compare your purchase records with the data reported by suppliers in their GSTR-1 returns. This highlights discrepancies for resolution.

In Summary – Tablewise GSTR-2 in TallyPrime:

While TallyPrime doesn’t have a one-click “table-wise GSTR-2 view,” it systematically manages your purchase data in a way that’s fundamentally compatible with the GSTR-2 structure.

By accessing the right reports and understanding how data is mapped, you can effectively use TallyPrime to prepare your purchase information for potential future GSTR-2 filing requirements.

Important to Remember:

  • GSTR-2 filing is currently suspended.
  • Always consult a qualified accountant to understand the latest GST regulations and procedures.

Let me know if you have any specific questions on particular GSTR-2 tables or related TallyPrime reports!


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