OVERVIEW
What You'll Learn:
As the 30th of November approaches, businesses
need to ensure they maximise their Input Tax Credit (ITC) claims for FY
2024-25 before the final deadline. With the recent developments, such as the GST 2.0
rate reset, hard-locking of
auto-filled GSTR-3B, and the growing importance of using the Invoice Management System
(IMS), understanding the nuances
of annual ITC reconciliation has never been more critical.
This webinar will provide practical guidance on ensuring comprehensive yearly
reconciliation to claim the correct ITC in
the backdrop of these critical GST rules and avoid notices or missed credits.
Learn from industry experts about the best practices for managing ITC, handling
mismatches, and ensuring compliance with
the latest regulatory requirements. Don’t miss this opportunity to secure your
business’s rightful tax credits and
improve your bottom line.
Key Takeaways:
- Deadline Alert: Understand the importance of the 30th November deadline for ITC claims for FY 2024-25 and its impact on your business.
- Recent Updates impacting ITC: Learn about recent changes in ITC-related regulations and how the Invoice Management System (IMS) affects the claiming process.
- Process of Annual Reconciliation: Get a detailed walkthrough of the annual ITC reconciliation process to ensure your claims are accurate and complete.
- Common Errors to Avoid: Identify potential pitfalls in the ITC reconciliation process and learn how to avoid mismatches, disallowed claims, and penalties.
- Best Practices: Discover actionable insights and best practices for integrating your ITC claims with IMS and staying compliant with GST regulations.
