How to differentiate GSTR2 with GSTR1?
What is GSTR1 and GSTR 2? How does GSTR1 differ from GSTR 2?
GSTR 1 is monthly Statement of Outward supplies of Goods or Services filed by registered person. But GSTR 2 return signifies accrual of ITC (input Tax credit) from the inputs acquired at some point of the preceding month.
GSTR 1 has to be filed on 10th day of month, whereas GSTR 2 has to be filed on 15th of the next month.
GSTR 1 has to be filed every taxpayer except Composition Scheme taxpayers, Non-Resident Foreign taxpayers, TDS deductor, E commerce Operators and Input Service Distributors as there are separate returns for them, whereas GSTR 2 has to be filed GST registered person.
Details about GSTR 2 and GSTR1 mentioned in this web blog. You may click below links for details about GSTR1 and GSTR 2:
How does GSTR1 work under GST return filing?
What is GSTR2?
This post explains in brief about difference between GSTR 2 and GSTR1.
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