Shivendra Jha
Partner - Head of Advisory Services and International Liaison Partner (ILP)
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 UAE 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
