3.1 ITC Review for Goods Businesses
What it means
This service helps you understand whether the input tax credit appearing in your books is reasonably matching with GST data and documents.
When you may need it
Before filing 3B, during year-end review, during notice preparation, or when credit confidence is low.
Why it matters
ITC is a direct cash-flow issue. Wrong assumptions can make tax planning weaker and replies harder.
Where it is done
Through internal review of books, invoices, and portal-based credit data.
Documents usually needed
- Purchase register
- GSTR-2B data
- Vendor invoices
- Expense ledgers
- Debit/credit notes
- Vendor GST summary
How we help
We compare purchase-side GST with 2B visibility, identify mismatch vendors, and classify risk buckets for follow-up or correction.
Illustration with figures
- Purchase GST as per books: ₹4,80,000
- GST visible in 2B: ₹4,10,000
- Difference: ₹70,000
- Vendors with mismatch: 11
Pros and Cons with Figures
| Particulars |
If reviewed timely |
If not reviewed |
| Purchase GST tracked |
₹4,80,000 |
₹4,80,000 |
| Difference identified early |
₹70,000 |
₹70,000 unresolved |
| Vendor follow-up needed |
11 clearly identified |
11 not identified properly |
| Cash planning accuracy |
Better |
Lower |
| Credit risk |
Lower |
Higher |
Time normally required: Usually 1 to 10 hours depending on vendor and invoice count.
How pricing is decided: Fees usually depend on vendor count, invoice volume, mismatch size, and whether detailed reconciliation or only a review memo is needed.
What may happen if ignored
- Total difference left unresolved: ₹70,000
- Vendors involved: 11
- Example cash planning distortion: ₹70,000
- Example notice-risk zone: ₹70,000+
Easy understanding: A mismatch may look small in one month, but can create bigger problems if ignored repeatedly.
3.2 ITC Review for Service Businesses
What it means
This service reviews the ITC position for service businesses where expense-side credits often arise from rent, subscriptions, professionals, and operating costs.
When you may need it
Before return filing, during internal review, at year-end, or when cash outflow is higher than expected.
Why it matters
Service businesses may not have large purchase stock, so each claimed credit line becomes important for actual monthly outflow.
Where it is done
Through internal review using invoices, ledgers, and portal-generated ITC visibility.
Documents usually needed
- Expense register
- 2B data
- Vendor invoices
- Rent / subscription / professional fee bills
- Ledger extracts
How we help
We compare expense-side GST with 2B, identify missing or doubtful credits, and highlight the cash-flow impact.
Illustration with figures
- Expense GST as per books: ₹2,20,000
- GST visible in 2B: ₹1,85,000
- Difference: ₹35,000
- Major expense heads reviewed: 5
Pros and Cons with Figures
| Particulars |
If reviewed timely |
If not reviewed |
| Expense GST considered |
₹2,20,000 |
₹2,20,000 |
| Difference identified |
₹35,000 |
₹35,000 unresolved |
| Cash-flow planning |
Better |
Lower |
| Risk of excess claim |
Lower |
Higher |
| Review comfort |
Better |
Lower |
Time normally required: Usually 1 to 6 hours in a typical service case.
How pricing is decided: Fees usually depend on number of expense heads, invoice count, and whether only a review or a detailed 2B reconciliation is required.
What may happen if ignored
- Difference left open: ₹35,000
- Months repeated: 3
- Potential rolling mismatch: ₹1,05,000
- Example extra cash strain: ₹35,000+
Easy understanding: A credit gap that looks small on paper can still change real monthly cash flow.