Professional Input Tax Credit (ITC) Reconciliation Services

Expert ITC reconciliation services for accurate GST compliance. Hire certified GST auditors for monthly ITC reconciliation, vendor coordination, and maximizing eligible input tax credit claims.

What is Input Tax Credit (ITC) Reconciliation?

ITC Reconciliation is the process of matching your purchased invoices with supplier-filed GST returns (GSTR-1) and auto-populated data in GSTR-2B to ensure accurate claim of input tax credit and maintain GST compliance.

Why ITC Reconciliation is Critical

  • Mandatory under GST laws for compliance
  • Prevents wrong ITC claims and penalties
  • Maximizes eligible input tax credit
  • Essential for GST audit preparedness

Key Components

  • GSTR-2B (Auto-populated supplier data)
  • GSTR-3B (Your monthly return)
  • Purchase invoices and records
  • Supplier compliance status

Why Hire Auditor for ITC Reconciliation?

Professional ITC reconciliation ensures accuracy, compliance, and maximum credit optimization

ITC Reconciliation

Accurate reconciliation of GSTR-2B with GSTR-3B and purchase records

Monthly Reconciliation

Monthly ITC matching and discrepancy resolution

Vendor Coordination

Professional coordination with vendors for missing invoices

Documentation Support

Complete documentation for ITC claims and reversals

Benefits of Professional ITC Reconciliation

Expert ITC reconciliation brings significant financial and compliance advantages

1

Maximize ITC Claims

Claim maximum eligible input tax credit

2

Avoid Penalties

Prevent penalties for wrong ITC claims

3

GST Compliance

Ensure 100% compliance with GST ITC rules

4

Cash Flow Improvement

Improve cash flow with accurate ITC claims

5

Audit Preparedness

Stay audit-ready with proper documentation

6

Time Saving

Save time on complex reconciliation processes

Professional ITC reconciliation can help businesses recover 5-15% of unclaimed input tax credit and reduce compliance risks by 80%. Regular reconciliation ensures audit readiness and prevents costly penalties.

Our ITC Reconciliation Process

1
Data Collection
Gather purchase invoices, GSTR-2B, and GSTR-3B data
2
Matching & Reconciliation
Match vendor invoices with GSTR-2B auto-populated data
3
Discrepancy Identification
Identify mismatches and missing invoices
4
Vendor Coordination
Follow-up with vendors for unreported invoices
5
ITC Optimization
Calculate eligible and ineligible ITC
6
Reporting & Documentation
Prepare reconciliation reports and documentation

Reconciliation Areas Covered

GSTR-2B vs GSTR-3B
Frequency: Monthly
Importance: High
Accurate ITC claim verification
Purchase Register vs Invoices
Frequency: Monthly
Importance: High
Invoice validity verification
Vendor Compliance Check
Frequency: Quarterly
Importance: Medium
Supplier GST compliance status
Blocked Credit Analysis
Frequency: Monthly
Importance: High
Ineligible ITC identification

Common ITC Reconciliation Issues

Invoice not uploaded by supplier
Invoice mismatch in GSTIN
Invoice date mismatch
Wrong tax rate application
Missing debit/credit notes
Blocked credit items
Time limit for ITC claim
Reverse charge mechanism

⚠️ Important Warning

• Wrong ITC claims attract 100% penalty plus interest
• ITC time limit: Claim within earlier of due date of Sept return or annual return
• Supplier must have filed GSTR-1 for your ITC claim
• Blocked credits cannot be claimed under any circumstances

Hire ITC Reconciliation Expert

Connect with certified GST auditors for professional ITC reconciliation

Our ITC Services

Complete ITC reconciliation solutions

Monthly ITC Reconciliation

Regular monthly reconciliation of ITC claims

Annual ITC Audit

Comprehensive annual ITC verification and audit

Vendor Follow-up

Professional follow-up with vendors for pending invoices

ITC Optimization

Maximize eligible ITC claims and minimize reversals

Backlog Reconciliation?

Multiple Month Reconciliation
Catch up on pending ITC reconciliation
Up to 24 months backlog clearance
⚡ Fast Processing • Audit Support Included

ITC Compliance Rules

Key requirements for valid ITC claims

Time Limit
Earlier of Sept return or annual return
From invoice date
Supplier Compliance
Supplier must have filed GSTR-1
Invoice must appear in GSTR-2B
Payment Rule
Payment to supplier within 180 days
Else ITC must be reversed
Blocked Credits
13 specific categories blocked
Cannot be claimed as ITC

ITC Reconciliation Tools

Interactive tools and analyzers

ITC Reconciliation Tool
GSTR-2B Auto-Matcher
Vendor Compliance Checker
ITC Eligibility Calculator
Monthly Reconciliation Tracker
Blocked Credit Analyzer

Need ITC Reconciliation Services?

Maximize your input tax credit claims with professional ITC reconciliation services

Expert GST Auditors • 95% Accuracy • Monthly/Quarterly Services Available