Practical Approach Of Gstr 2 What Why Input Tax Credit Reversal
What is GSTR-2? Every registered taxable person is required to give details of Inward Supply, i.e., purchases for a tax period in GSTR-2. Why is GSTR-2 important? GSTR-2 contains details of all the purchases transactions of a registered dealer for a month. It will also include purchases on which reverse charge applies. The GSTR-2 filed by a registered dealer is used by the government to check with the sellers’ GSTR-1 for buyer seller reconciliation....