Input Tax Credit (ITC) Reconciliation in GST: Updated Method 2023

In this video, we'll walk you through the latest and most efficient method for Input Tax Credit (ITC) reconciliation in the Goods and Services Tax (GST) regime for the year 2023. Keeping your ITC records accurate and up-to-date is crucial for businesses, and we're here to guide you through the process step by step.

Key points covered in this video:

Understanding the importance of ITC reconciliation in GST.
Explaining the changes and updates in the 2023 method.
Step-by-step instructions on how to reconcile your ITC in a hassle-free manner.
Tips and best practices for a smoother reconciliation process.
Common mistakes to avoid when reconciling ITC.
Using technology and software for efficient reconciliation.
Stay compliant, reduce errors, and maximize your tax benefits with the updated ITC reconciliation method. Don't miss out on this essential knowledge for business owners, accountants, and GST filers.

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[learnwithvikku]

Sir, pls make a video on Excel for accountant.

[anubhabdi]

Very much appreciable guidance.Many more such guidences on the same subject with more elaborately expected in future.

[DM-YouTube]

Sir, you videos are always very helpful.
Could you please make one video on how to fill the ITC table options in 3B as per Reconciliation result. Like
1.What to do when bills are in 2B but not in books as material is not received
2.What to do when bills are in books but not in 2B
Both these can be bills of allowable ITC & disallowed ITC
How to show the values in 3B ITC table options & Accounting entries thereof in such cases

[SumeetPathare]

Plsss....sir we really want a full fledged video on ms-excel...
From basic to advanced...
Your teaching style is amazing 😍

[ManojSharma-wvyx]

Please make a complete video on Excel formulas and shortcuts. Example - vlookup, table etc

[xioracky]

This brings tears to my eyes, seeing how hard and complicated this is, I just import JSON into tally and work there, reconciliation done in 5 minutes, If I had to do this every month I would never be able to file returns :D

[dileepsharma]

Sir please make details videos on Excel

[SAHIL_.XX]

Hello Sir, Please make excel basic to advanced video tutorial which is beneficial for an accountant

[itsvinitsingh]

Thank you Sir ❤ bholenath ka ashirwad bana rahe aap pe

[thebingefactory]

Sir, this vlookup function can be reduced if you add a new column in your merge data sheet, like making only 1 single sheet for merge data of 2b and books. And making a column with name source and mention 2b and tally for relevant data in the rows. And in pivot use that under column heading in pivot. This will make both tally and 2b data coming simultaneously beside each other, upon the same gst number.

[nareshgohel]

Sir, what i suggest is, can we take data of table 8A of portal for full year reconciliation ?

[shwetaagarwal]

This is a very good and informative video! Thankyou so much sir!!

[CA_Hardev_Jadeja]

yes sir we want detailed video on excel basic functions

[Tally]

Thanks u for making video on itc reco. I want to learn also Excel so please make a video on Excel.

[pavanguggilam]

Hi, sir. I am from Andhra pradesh. I like your videos. Please make your videos and offer your courses in 100℅ English language also.

[vikassrivastava]

Yes sir Excel pr bana dijiye sir all basic formula

[SurajKumar-iowp]

Sir mai pay nhi kr skta hu course k liye par m ye sb sikhna chahta hu mujhe interest h taxation and accounting mai.mere pass pese nhi h pay krne ke aap free video dalte rahe youtube par thanks

[viralshorts]

yes sir please make the video on excel mostly for gst and income tax work

[arpitabhatnagar]

Please make video on ineligible, partly eligible ITC, reversal

[rahulsingh-ijur]

Same direct 2b ko download krne se or aap jaise btaya usse download krne se kya difference hoga?