Purchase and ITC reconciliation
What this means, checked by a CA
Credit only counts if your supplier reports it. We match every purchase with GSTR-2B each month and chase suppliers before you lose credit.
This is an add-on. Add it to the main plan
Your Savvy is a verified professional. Every paid answer is checked by a CA. Free AI answers are labelled until a CA verifies them.
Answers on this topic
- Job Switch Complete Checklist: Tax and Financial Action ListA job switch triggers 12 separate financial and tax actions. Most people only negotiate the new salary. They miss: Form 122 (old Form 12B) to new employer, PF transfer…
- Pitch PackageStage: Pitch, what you show investors.
- GSTR-2A / 2B mismatch notices: ITC reversal demandsThe most common GST notice: your GSTR-2B shows less ITC than what you claimed in GSTR-3B. Reasons: vendor didn't file GSTR-1, vendor filed after your return date, invo…
- AIS Reconciliation Before FilingAIS (Annual Information Statement) is what the government already knows about your income. Any mismatch between AIS and your ITR triggers a Sec 270(1), Income-tax Act…
- TDS on Property Purchase: Section 393(1) (old 194IA)Most property buyers do not know they are legally required to deduct 1% TDS from the payment to the seller and file Form 141 (old Form 26QB). This is one of the most c…