ITC Reconciliation
Unclaimed or incorrectly claimed ITC leads to cash flow loss and GST notices. Our experts reconcile your purchases with GSTR-2B to ensure maximum, accurate ITC claims.
What is ITC Reconciliation?
Input Tax Credit (ITC) reconciliation is the process of matching your purchase records and ITC claims with the auto-populated GSTR-2B data from suppliers. Discrepancies arise when suppliers file late or incorrectly, and unaddressed mismatches attract GST notices and demand recovery.
What you get
- Monthly GSTR-2B vs purchase register reconciliation
- Identification of ITC eligible/ineligible entries
- Supplier follow-up advisory for missing invoices
- Blocked credit analysis under Section 17(5)
- Reversal computation for mixed-use credits
- Detailed reconciliation report
- Advisory to prevent future mismatches
Documents required
- Purchase invoices for the period
- GSTR-2B data from GST portal
- GSTR-3B filed returns
- Accounts payable / purchase register
- Expense vouchers for direct expenses
How it works
Data Import
Your purchase data and GSTR-2B are imported into our reconciliation tool.
Matching
Invoice-level matching identifies matched, mismatched, and missing entries.
Analysis
Experts classify discrepancies — supplier delay, wrong GSTIN, or ineligible ITC.
Report & Action
Detailed report with recommended actions for each discrepancy.
Pricing on Request
Every situation is different — get a custom quote tailored to your exact needs.
Frequently asked questions
Why is ITC reconciliation important?
The GST department matches your claimed ITC against GSTR-2B. If your claims exceed what suppliers have reported, you receive a demand notice for the excess amount plus interest and penalties.
What is GSTR-2B?
GSTR-2B is an auto-generated static statement that shows ITC available to a taxpayer based on the returns filed by their suppliers. It is generated on the 14th of each month.
What happens with mismatches?
Mismatches must either be resolved (by following up with suppliers) or reversed in your GSTR-3B. Unresolved mismatches result in notices under Section 16(2) of the CGST Act.
Ready to get started with ITC Reconciliation?
Get expert help within 24 hours. Free consultation — no commitment required.