Preparation & filing periodic return, ITC Reconciliation
Preparation & filing periodic return, ITC Reconciliation
Accurate preparation and timely filing of GST periodic returns, along with reconciliation of Input Tax Credit (ITC), is essential for compliance and optimizing tax benefits. Our service ensures that all returns are correctly prepared and submitted on schedule, reducing the risk of penalties or interest.
Singh Gulati & Associates also conducts detailed ITC reconciliation to confirm that credits claimed align with eligible invoices and financial records. This ensures accuracy, prevents disputes with tax authorities, and enables businesses to make informed tax decisions.
About This Service
Our service includes the preparation and filing of all periodic GST returns, including GSTR-1, GSTR-3B, and other applicable filings, in compliance with statutory requirements. This ensures timely compliance and helps businesses avoid penalties or interest due to late or inaccurate submissions.
Singh Gulati & Associates also performs reconciliation of Input Tax Credit (ITC) claimed with purchase invoices, vendor returns, and accounting records to ensure correctness. Any discrepancies are proactively identified and addressed to prevent errors in future filings.
Beyond filing and reconciliation, we provide advisory on optimizing ITC claims, managing blocked credits, and complying with changes in GST regulations. This guidance helps businesses maximize credit utilization while remaining fully compliant.
We further assist in maintaining proper documentation and records to support audits, notices, or queries from authorities, ensuring transparency, audit readiness, and minimizing risk of disputes or compliance issues.
Key Features / Scope of Work
Preparation and filing of periodic GST returns (GSTR-1, GSTR-3B, etc.)
Reconciliation of Input Tax Credit (ITC) with purchase invoices and accounting records
Identification and rectification of discrepancies in ITC claims
Advisory on optimizing ITC utilization and blocked credits
Monitoring compliance deadlines to avoid penalties and interest
Maintenance of proper records and documentation for audits
Support during notices, audits, or regulatory queries
Ensuring accurate and timely GST compliance
- Regulatory Compliance & Advisory
- Get Trusted Advice
