Accurate ITC Review Based on GSTR-2B Reconciliation
GSTR-2B is the most important statement for determining input tax credit eligibility under GST. Proper reconciliation between purchase records and GSTR-2B helps businesses claim correct ITC and avoid notices, reversals, and interest liabilities.
N D Savla & Associates provides complete GSTR-2B reconciliation and ITC review services — from data matching and discrepancy identification to ITC risk analysis and compliance advisory.
What is GSTR-2B Reconciliation?
GSTR-2B is a static auto-generated statement that shows eligible and ineligible input tax credit based on supplier return filings. Reconciliation ensures ITC claimed in returns matches eligible ITC available in GSTR-2B.
GSTR-2B reconciliation helps businesses:
- Verify eligible ITC availability
- Identify missing supplier invoices
- Detect ineligible ITC claims
- Ensure GST compliance
- Prepare for GST audit and scrutiny
Who Needs GSTR-2B Reconciliation & ITC Review?
- Businesses claiming regular input tax credit
- Manufacturers and traders
- Service providers with multiple vendors
- Companies preparing for GST audit
- Businesses with high purchase volume
Details Required for GSTR-2B Reconciliation
- Purchase register
- GSTR-2B data download
- GST return filing details
- Vendor invoice details
- ITC claimed details
ITC Review & Reconciliation Reports
- Eligible ITC vs claimed ITC report
- Missing invoice report
- Ineligible ITC identification report
- Vendor follow-up report
- ITC risk exposure summary
Risks of Not Performing GSTR-2B Reconciliation
- Excess ITC claim leading to reversal
- GST notices and scrutiny
- Interest and penalty exposure
- Audit risks
GSTR-2B Reconciliation & ITC Review Process (Step-by-Step)
- Collect purchase data and GST returns
- Download GSTR-2B data
- Perform invoice-level matching
- Identify mismatches and ineligible ITC
- Prepare reconciliation and ITC risk reports
- Provide compliance and correction recommendations
Why Choose N D Savla & Associates?
Accurate ITC Eligibility Review
Correct identification of eligible and ineligible ITC.
GST Compliance Experts
Strong experience in ITC reconciliation and advisory.
Quick Reconciliation
Fast data matching and reporting support.
End-to-End Support
From data collection to ITC compliance advisory.
Compliance Guidance
Help maintain accurate ITC claims.
Trusted Advisory Support
Reliable GST reconciliation and compliance services.