GSTR2 reports are now available in QuickBooks. This article will help you understand the various GSTR2 reports generated in QuickBooks.

Section-1: Please enter your company GSTIN.
 
Section-2a: Please enter Legal name of the registered person.
 
Section-2b: Please enter trade name of the company.
 
Note:
  1. Currently in QuickBooks we are not providing reports at a subsection level i.e. GSTR2- Section 4 is available but segregation at a subsection level (4A, 4B, 4C) is not available.
  2. “Out of Scope” tax code to be used only for suppliers with GST registration type as “GST registered- Composition” at the transaction level.
  3. Currently the information regarding Expenses and Cheques made for customers in QuickBooks is not captured in GSTR2.
  4. These reports cannot be customized to include additional columns related to suppliers.
 
Section-3: Inward supplies received from a registered person other than the supplies attracting reverse charge.

Screenshot of GSTR2 Section 3
The above section includes all the transactions (Bill, Cheque and Expense) to the supplier with GST registration type as GST registered- Regular and items (Product and Service) without reverse charge.
 
What QuickBooks does not capture in this report:
  1. Cess
  2. ITC classification
 
Section-4: Inward supplies on which tax is to be paid on reverse charge.

Screenshot of GSTR2 Section 4

The above section includes all the transactions (Bill, Cheque and Expense) to the supplier with GST registration type and item purchased as:
  1. GST registered- Regular and items (Product and Service) with reverse charge.
  2. GST unregistered and items (Product and Service) with or without reverse charge.
  3. Overseas or SEZ and items as services with or without reverse charge.
 
What QuickBooks does not capture in this report:
  1. Cess
  2. ITC classification
 
Section-5: Inputs/Capital goods received from Overseas or from SEZ units on a Bill of Entry.

Screenshot of GSTR2 Section 5

The above section includes all the transactions (Bill, Cheque and Expense) to the supplier with GST registration type as Overseas or SEZ and items as Products with or without reverse charge.
 
What QuickBooks does not capture in this report:
  1. Cess
  2. ITC classification
  3. Port code and number of bill of entry
  4. Assessable value
 
Section-7: Supplies received from composition taxable person and other exempt/Nil rated/Non GST supplies received.

Screenshot of GSTR2 Section 7

The above section includes all the transactions (Bill, Cheque and Expense) to the supplier with GST registration type and tax code as:
  1. GST registered- Regular and transactions with only 0% GST, 0% IGST, Exempt GST 0% and Exempt GST 0% as tax codes applied in them.
  2. GST unregistered and transactions with only 0% GST, 0% IGST, Exempt GST 0% and Exempt GST 0%  as tax codes applied in them.
  3. GST registered- Composition and “Out of Scope” at the transaction level.
 
What QuickBooks does not capture in this report:
  1. Non-GST supplies
  2. Supplier credit
 
Section-13: HSN summary of inward supplies.

Screenshot of GSTR2 Section 13

The above section includes the total quantity for all the HSN which have been included in Bill, Cheque and Expense for the filing period along with total value (after tax) and taxable value per HSN. 
If the Product HSN codes are updated in QuickBooks and those products are used in the transactions, then they will be listed in this report. 
 
What QuickBooks does not capture in this report:
  1. Cess
  2. UQC
 
Note: Sections 6, 8, 9, 10, 11 and 12 are not available in QuickBooks.