
Bejugam and Co
Chartered Accountant & Partner at Bejugam & Co, specializing in audit, taxation, GST, accounting and business advisory services.
Contact Info
Bejugam & Co Chartered Accountantsis a Hyderabad-based professional CA firm offering comprehensive accounting, audit, taxation, GST, compliance, and business advisory services. The firm serves startups, SMEs, corporates, LLPs, and individuals with practical and reliable financial solutions. Its services include statutory and internal audits, income tax filing and planning, GST registration and compliance, accounting and bookkeeping, payroll, company incorporation, ROC compliance, financial reporting, and business advisory. With a focus on professional integrity, accuracy, confidentiality, and timely service, Bejugam & Co helps clients manage financial responsibilities, meet regulatory requirements, reduce compliance risks, and make informed business decisions. The firm combines professional expertise with a client-focused approach to provide customized solutions for businesses at different stages of growth.
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Input Tax Credit reconciliation requires monthly invoice-level matching with GSTR-2B to identify supplier, GSTIN, timing, and value discrepancies early.
Input Tax Credit reconciliation requires periodic invoice-level comparison of the purchase register, books of account, GSTR-2B, GSTR-3B, and supporting invoices and debit/credit notes. Differences should be classified as timing differences, supplier filing issues, GSTIN errors, value differences, duplicate entries, credit/debit note differences, or potentially ineligible credits. A consistent monthly process, supplier follow-up, documented reconciliation workings, and review before return filing help identify discrepancies early and maintain an auditable ITC position. (AI Summary)
Goods and Services Tax - GST