What is Form GST Anx-2 under New GST Return?

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Pratibha Devasenapathy | May-15-2020

What is FORM GST ANX-2?

FORM GST ANX-2 is an annexure to FORM GST RET-1, with all the details of inward supplies, for the recipient of supplies to take action by either accepting or rejecting these documents or marking them as pending, for action to be taken later. Once these documents are approved by the recipient, it implies that the supplies reported in such documents by the suppliers in FORM GST ANX-1 are correct.

What are the contents of FORM GST ANX-2?

GSTIN: A taxpayer needs to input the GSTIN.

Basis details: Basic details such as trade name, legal name, etc. will be auto-populated on the basis of the GSTIN.

Inward supplies received from a registered person (other than the supplies attracting reverse charge), imports and supplies received from SEZ units / developers on Bill of Entry: The details will be entered as follows-

 

Table No.

Name of the Table 

Instructions  

3A

Supplies received from registered persons including services received from SEZ units 

The details in these tables will be auto-populated from the following tables of the supplier’s FORM GST ANX-1 return:

3B – Supplies made to registered persons

3E –  Supplies to SEZ units/developers with payment of tax 

3F – Supplies to SEZ units/developers without payment of tax

3G – Deemed exports

The recipient has the option to take action on the documents by either accepting, rejecting or marking them as pending. 

3B

Import of goods from SEZ units/developers on Bill of Entry

3C

Import of goods from overseas on Bill of Entry

4

Summary of the input tax credit 

This will be the total figure of input tax credit for the return filing period, based on action taken by the recipient of supplies such as:

Total credit on all documents that have been rejected 

Total credit on all documents that are kept pending 

Total credit on all documents that have been accepted 

5

ISD credits received

This table is for reporting eligible input tax credit that has been received from an input service distributor. This needs to be entered document-wise.

What is the format of FORM GST ANX-2?

FORM GST ANX-2 Format

Key things for taxpayers to keep in mind while filing GST ANX-2

  • Documents can be uploaded by the supplier, continuously and on a real-time basis in FORM GST ANX-1 and will be auto-populated in this annexure i.e. FORM GST ANX-2
  • The recipient can easily access the details of the documents uploaded by the supplier. This way the recipient can take action such as to accept, reject or to keep the document pending in FORM GST ANX-2
  • If a document is accepted by a recipient, it means that the document has been received before the recipient filed his return and that all the details reported by the supplier are correct
  • Only the supplier can make any corrections in the rejected documents through his FORM GST ANX-1
  • If a document is marked as pending by a recipient, it means his action has been deferred on the said document for a later date, of accepting/rejecting the report. Input tax credit on these documents will not reflect in FORM GST RET-1
  • Until rejected by the recipient , the supplier cannot amend pending invoices
  • The status of whether the supplier’s return is filed or not will be made available to the recipient in his FORM GST ANX-2. However, this does not affect the ITC eligibility of the recipient, which will be decided as per the Act along with the rules made thereunder
  • A separate functionality will be available to search for and reject an accepted document, on which credit has already been availed. This credit will be shown under reversal in table 4B(1) of FORM GST RET-1, which can be adjusted in table 4A(11) of the same return, in order to arrive at the amount of availed ITC
  • FORM GST ANX-2 will be deemed filed, based on the filing of FORM GST RET-1 relating to the particular tax period
  • If documents have been uploaded by a supplier in his FORM GST ANX-1, but he has not filed his return for the previous two consecutive periods, the recipient will be unable to avail credit on these documents even if the same is made available to him in his FORM GST ANX-2. However, the option will be available to reject/keep these documents pending. For suppliers who file their returns quarterly instead of monthly, the term ‘two consecutive periods’ is replaced by ‘one quarter’

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