News and Updates By KMS

    Leading CA firm in India

    INPUT TAX CREDIT MECHANISM UNDER GST

    August 18, 2021

    ITC matching is a recurring process and not an annual exercise. Matching of ITC with Form GSTR-2A/2B is coupled with stringent Government penal actions. Hence, the same ITC matching process should be included as an integral process of company’s monthly Tax
    compliance and not just consider it as an annual exercise.

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