Live Webinar
Mastering GST Reconciliations for Compliance Excellence
Join us as we unravel the complexities of GST reconciliation, providing key insights into distinct types and their pivotal role in ensuring compliance.
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Webinar Agenda
Reconciliation- The Need of the Hour!
Accurate GST filing is crucial for businesses to avoid penalties, troubles, and fines. Besides, it plays a key role in maintaining their financial credibility and reputation in the market.
As a taxpayer, it is crucial to undertake GST reconciliation to avail input tax credit (ITC) and comprehend liabilities. Each month, when filing your GST return, you must reconcile your purchase data with all your suppliers’ uploaded sales data on GSTN. If the recon process confirms a match in data on both ends, claiming ITC becomes straightforward. However, encountering a mismatch puts you on an arduous journey, where you must explore through substantial piles of invoices to identify even a single error. In addition to Input Tax Credit (ITC), GST reconciliations extend beyond, covering aspects like GSTR-1 and GSTR-3B. These reconciliations play a crucial role in ensuring comprehensive compliance and accurate financial reporting under the GST regime.
This webinar aims to empower you with the knowledge and skills needed to achieve Compliance Excellence in the realm of GST.