Category Archive

Important Govt. updates – Mandatory GSTR2B Reconciliation

In GST Reconciliation by Manoj P31st January 2022

As the business community would be aware, GST Input Tax Credit process in India is undergoing a major change, effective Jan 2022. However, this is not a surprise either, as the indications were given long back. Let us look at the recent changes and also at some of the frequently asked questions on this topic. 1. What are the recent ...

Smart approach for Vendor GST Reconciliation to maximize Input Tax credit

In GST Reconciliation by Manoj P13th July 2021

What is the best time to identify a defect/ discrepancy?While there are many technically correct answers to this question, a smart answer doing the rounds is “to find it before it happens”. As the proverb goes “Prevention is better than cure”. On a similar note, it would be good to ask ourselves: “what is the best time to do Vendor ...