ITC Reconciliation.
Input tax credit is available only when, among other conditions, your supplier has reported the invoice and it appears in your GSTR-2B. ITC reconciliation matches every purchase invoice with GSTR-2B, uses the Invoice Management System to accept, reject or hold supplier records, and follows up missing invoices, so you claim what is due and nothing likely to be disallowed later.
Typically a few working days each month once GSTR-2B is available, and longer for the first cycle or a review of past periods. Time depends mainly on supplier volume and how many records need follow-up.
A partner — a chartered accountant or company secretary — from the first call to sign-off.
Based on your situation, and fixed in writing before any work starts.
Is this for you?
- Businesses with many suppliers where GSTR-2B rarely matches the purchase register
- Exporters and others claiming refunds, where unmatched credit reduces the refund
- Companies that received a DRC-01C intimation for ITC claimed beyond GSTR-2B
- Finance teams that want supplier payments linked to suppliers' GST compliance
What you receive at the end.
- 01Monthly or quarterly ITC reconciliation by supplier
- 02Record of IMS actions for the period
- 03Eligible ITC computation for GSTR-3B
- 04Supplier follow-up list with ageing
- 05Schedule of reversals and reclaims for the credit ledgers
ITC Reconciliation, step by step.
Typically a few working days each month once GSTR-2B is available, and longer for the first cycle or a review of past periods. Time depends mainly on supplier volume and how many records need follow-up.
- 1
Purchase data review
We take your purchase register and check supplier GSTINs, invoice numbers, dates and tax amounts.
- 2
IMS actions
Before GSTR-3B is filed, we review supplier records in IMS and accept, reject or keep pending each invoice and credit note based on your books, recomputing GSTR-2B where needed.
- 3
GSTR-2B matching
We match the register with GSTR-2B and classify each invoice as matched, mismatched, missing from GSTR-2B or missing from your books.
- 4
Eligibility review
We exclude blocked credits, track reversals and reclaims under the 180-day payment rule, and check the time limit for claiming credit.
- 5
Supplier follow-up
We prepare supplier-wise lists of missing or incorrect invoices for your team to chase, and track them into later GSTR-2B statements.
What we need from you.
Don't have everything yet? We send a short checklist after the first call and work with what you have.
- Purchase register and expense ledgers with supplier GSTINs
- GST portal access for IMS and GSTR-2B
- Supplier master with contact details
- Details of payments made to suppliers
- Bills of entry for imports, where applicable
The fee depends on your situation. After a short call, the partner who will do the work tells you what's involved and gives you a fixed fee in writing — before any work begins.
- Government fees and statutory charges are billed at actuals.
- When you pay — upfront, in stages or on completion — is agreed in writing with the fee.
Questions about ITC Reconciliation.
Ready to discuss ITC Reconciliation?
30-minute confidential call — no proposal, no commitment. A partner will write back within one business day.