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.
23nd January, 2024 at 11 AM IST
23nd January, 2024 at
11 AM IST
This event has already passed, check out our latest webinars here
Who Should Attend?
Finance Professionals- Tax Practitioners
- Business Owners
- Accounting Executives
- Anyone involved in GST compliance and reconciliation processes
Webinar Agenda
- Exploring the Fundamentals of GST Reconciliations
- Best Practices for GST Compliance
- Ensuring Accuracy in Claiming Input Tax Credit
- Technology-Driven Reconciliation Tool for 100% Compliance
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.
Reasons Why GST Reconciliation is a Pain for Businesses
- Managing Bulk Invoices and Purchase Records
- Highly Time-Consuming
- Demands Technical Expertise
- Manual Entries Leading to Invoice Mismatches
- Missing Invoices
- Vendor Non-Compliance
- Delay at the GSTN’s End
Speakers For The Day
Neena Sethi
Neena is a Management Accountant working with IRIS for over 12 years. Currently serving as the Product Manager for IRIS IRP, the Government Recognized Invoice Registration Portal (IRP), she holds a crucial position overseeing a platform integral to invoicing processes and compliance. She is also a Subject Matter Expert for IRIS’ GST offerings and manages the E-way Bill Offering called IRIS Topaz and EasyWayBill application.
Neena’s close collaboration with government teams highlights her hands-on involvement in ensuring the seamless integration of technology with regulatory requirements.
Neena has a deep understanding of compliance and data analysis for the US markets, which she gained prior to the implementation of GST in India. She is recognized as an E-way Bill expert, authoring several articles and e-books on topics related to E-way Bill and supply chain management.
Ashwini Gorhe
Ashwini is a Product Manager at IRIS Business Services Ltd with 12 years of experience and plays a pivotal role in shaping the company’s GST product roadmap. She is a Chartered Accountant by profession. Her responsibilities include in-depth research on market trends, understanding the complexities of GST regulations, and translating this knowledge into product-level business strategies and validation rules.
Apart from her strategic contributions, Ashwini is actively involved in providing hands-on assistance to clients, offering solutions to critical GST-related queries. Ashwini frequently conducts product demonstrations, guiding taxpayers on leveraging the IRIS GST offerings to enhance their productivity and ensuring GST compliance with ease.
Don't miss out on this comprehensive exploration of GST reconciliations.
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