ITC Reconciliation

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Overview

One of the biggest challenges faced by businesses during the reconciliation of Input Tax Credit (ITC) is the mismatch of data between their books and GSTR-2A. Our ITC Reconciliation solution helps businesses reconcile their Input Tax Credit (ITC) with the details provided in their GSTR-2A & GSTR-2B forms.

Our ITC Reconciliation solution helps businesses reconcile their Input Tax Credit (ITC) with the details provided in their GSTR-2A & GSTR-2B forms. It provides a summary of the ITC available, matched and mismatched, and helps identify probable matches based on our proven algorithm.

How BDO India Can Help

    • Our solution processes reconciliation of large volumes of data with accuracy and generates deeper insights
    • It helps businesses identify and rectify any discrepancies in the ITC to help them avoid penalties or interest charges
    • It has an inbuilt mechanism that allows users to identify and claim ITC for the month on invoice level as per books or as per GSTR-2BMechanism to park unclaimed credits for future
    • Reports for businesses to keep track of their ITC reconciliation process


How BDO India Can Help - ITC Reconciliation

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Parijat Parimal

Parijat Parimal

Partner & Sales Lead Large Accounts
Technology Product and Solutions
BDO Digital
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