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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[@anubhabdi]

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

[@learnwithvikku6427]

Sir, pls make a video on Excel for accountant.

[@WHOHAQ1975]

Sir please excel vedio

[@amanshrivastav7399]

Bhai excel + chatgpt krle alag se koi bhi excel formula & trick use nhi krna prega

[@Hickey-zb1pp]

​@@amanshrivastav7399 how ?

[@shwetaagarwal6382]

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

[@DAEBAK-z4m]

Sir you are great 🎉🎉🎉❤

[@SumeetPathare]

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

[@NitileshPednekar]

Good video , simple way

[@SAHIL_.XX6]

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

[@FinTaxPro]

Sure I will

[@thebingefactory5881]

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.

[@FinTaxPro]

Yes last year i have already made a video on that.

[@GauravSharma-bt2fj]

​@@FinTaxProsir, we all value your efforts please make a video on Excel for gst professionals

[@shaguftashaikh919]

amazing. thank you so much

[@itsvinitsingh]

Thank you Sir ❤ bholenath ka ashirwad bana rahe aap pe

[@CA_Hardev_Jadeja1]

yes sir we want detailed video on excel basic functions

[@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

[@arpitabhatnagar1441]

Please make video on ineligible, partly eligible ITC, reversal

[@pb0001x]

Apki sari videos ❤❤❤❤❤❤❤❤❤❤❤

[@nareshgohel1806]

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

[@SanjayKumar-kz7dg]

Great Job 👍

[@FinTaxPro]

Thank you! Cheers!

[@anirbanpatra6898]

Thank you so much Sir,

[@anirbanpatra6898]

Thank you so much Sir.

[@SuperAndy1983]

Yes sir .....want detail excel video

[@RakeshKumar-eq6ir]

T̤h̤a̤n̤k̤ y̤o̤ṳ s̤i̤r̤ 😍🇮🇳🥰🙏🏽

[@viralshorts8178]

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

[@dileepsharma3090]

Sir please make details videos on Excel

[@swathivenugopal8325]

Nice method

[@raghuca5230]

Sir, please make a video on Excel.

[@pradipchakraborty7892]

Sir, please make a video on advanced techniques for utilization of Excel formulas .

[@biswajitadak6722]

Yes Sir please make a video on Excel

[@pavanguggilam5273]

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

[@tulasiramtripathy6446]

Very nice. Excel master class need

[@user-od4qh4tx5e]

Sir,For Quaterly return filler, Any suggestion if the client has not claimed ITC in Q2.

[@ramgopalyadav3522]

Sir itne saare ledger export karne se better hai sirf input IGST, input CGST Ke ledger ko columnar me karke export kar sakte Hain, correct me if I am wrong

[@Rahul-tx8fo]

Pata hai

[@Rahul-tx8fo]

You are correct

[@SaifAli-ip3fq]

Thank you sir ❤

[@Tally930]

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

[@gauravgarg9509]

Can ITC be claimed if purchase are not recorded in books of accounts. If yes, then what is time limit to record purchases in books of accounts

[@vickychourasia2032]

Yes sir please make excel video

[@actkikuwa2832]

we need excel video regarding v-lookup, h-lookup ,poivoit table

[@dewangananil4400]

Sir please make video on excell working like vlookup and pilot table.

[@ashutoshsharma2537]

Nice

[@FinTaxPro]

Thanks

[@vikassrivastava2149]

Yes sir Excel pr bana dijiye sir all basic formula

[@SurajKumar-io3wp]

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

[@mehtabshaikh7454]

Sir how did you arrange tally and GST data so chronologically??? I mean Agar Mai export bhi Karu toh same party ka data Ek dusre k opposite Mai nhi hota ooper niche hota hai nd it's only possible when We use software like winman and other... Can you please clarify this

[@harshgohil4367]

Same doubt

[@Rahul-tx8fo]

Yes make video on excel for account

[@manishkeshorts0007]

You can export input cgst and igst ledgers

[@Akhileshyadav-qi1uh]

Sir please make video on excel if possible.......its very valuable for us.

[@visheshsinha1458]

Please sir basic excel mein jo daily formula use hote hai unpe ek detailed video bana do.

[@hemantpandit1718]

Arey sir Fals formula use kar diya karo for matching

[@Autojat]

Sir make a video on itc restricted due to change in pos rule. How it is treated in gstr-3B and as well in tally.
In my case i have not avail itc as it is restricted nor it is show in total itc available but unfortunately seller upload a credit note against this which is show in total itc available in negative

[@abidmeer9753]

Great.... ❤

[@RajeshSharma-zh9wt]

Excel ki pivot table sikha dijiye sir

[@shivajichavan1751]

Sir please send this video again & again for learning staps

[@vinodkumarprajapati5221]

Sir Excel par full detail video bana do bhaiya GST and tax use

[@user-lp9fg1nr3g]

please make a detailed video on excell

[@lalitkedia8140]

Sumif formula on GSTIN is more easy rather then pivot

[@sachinsaini481]

👌

[@azimkhan5792]

Please banaye sir excel complete video

[@pmsafee7426]

Sir Please make an video on MS Excel for Tax Consultant or Tax Accountant.

[@ashishsahu4041]

Sir Excel details Wali video bano

[@Neeta12316]

Excel shortcuts for accountant point of view pls make video sir

[@bhavnasolanki7954]

Sir, please make this reconciliation video of GSTR 3B for monthly party.

[@fatemapresswala5023]

Can u pls make video on gstr3b working as ur videos r v usefu

[@meet.prajapati1999]

Sir, please make a video for a detailed Excel program.

[@rajeshgupta2218]

Thanku Sir

[@user-iq3gl7hh1j]

Sir, Please make a video on Excel for Accountant.

[@farheenahmed242]

Sir please make a video on excel for beginner to expert

[@vartikasukhwani742]

Sir, please make a video on excel function and its shortcut so we can learn and make command

[@vishalmittal7575]

Sir please make a video on excel for accountant

[@amichand3138]

Sir Facebook ki bill date or 2B me difference hota hai to us case me ITC kaise le

[@dineshchauhan5871]

Dear Respected Sir, 🙏🙏
Please make one video of Excel.

[@arpitraj4546]

Tally Mai backup & restore aur ek company Mai _ four log kasi kaam kargaya

[@rajutanwar5476]

Sir apne Merge karna nhi btaya B2B,CN,import kaise merge kiyas

[@sujitkumarmishra8021]

Sir excel pr v ek video bna do please

[@RAJEEVKUMAR-xl1xp]

Hi
Please make an advance excel video

[@FinTaxPro]

Okay

[@deepakkumarsahu7101]

Sir Excel me ek video banaye sir plz

[@BiplabBarman-hw3vy]

Sir, Please make a video on Excel

[@sanjaymukherjee6046]

Sir please make an Ms Excel detailed video.... And sir also make some more videos on chatgpt

[@rahulsingh-ij7ur]

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

[@Scalpdaytrader]

Sir Excel detailed video benaiye 🙏

[@FinTaxPro]

Ok sure

[@amankeshari5433]

Sir needed Video on Excel...

[@shivam-gupta2004]

Sir excel par ek detailed video bhi bana do

[@girishkumar3358]

Sir plz make the video on excel for excel working

[@suhana9898]

Sir kindly make a video in Excel. Thank you

[@ssr1111]

Sir pls add subtitles

[@Shravan1231000]

Sir credit note or amended invoices ka data kaise merge kare...amt negative le ya positive hi rakhe..??

[@rautgulshan]

Sir GSTR1 Book ko kaise reconcil kre, aur kin kin chijo Ko trial Balance se match kre taki Hamara GSTR1 proper ready ho jaye

[@imranisammy2342]

Sir please make a Excel details video for accountant

[@sunilkumarprajapati1262]

Sir isme debit or credit bhi merge kar sake hai kya

[@swapnilpachpande1176]

Sir Excel ke upar ek Detailed video banaye Sir

[@ranosonharidwar1994]

Sir plz make Excel sheet

[@taxnetconsultancy674]

please sir make a videos for advance excel function

[@behappychildren1437]

But sir, kuch ITC 2A mai show hoti hai but ham 3B mai bhee claim nhi krte hai woh kaise Match karenge

[@sunilkumar-sx9ls]

Hlo sir excel video for accountant use

[@rahulsingh-ij7ur]

Tally me ledger wise q, jay?? Tally Gst 3b summary me pura 1year ka nikl skte hai.

[@varsha2016]

Sir, agr kisi company mein 2021-2022 tk sirf purchase kri ho. Toh uska portal pr ITC claim pending rehta hai.Aur 2022-2023 mein sale bhi start ho gyi ho....toh sir 2023 se lekar abtk tk jo bhi challan mein payable amount bnegi sale bill ki vajah se vo pending ITC se neglect hoti rhgi na???jbtk pura credit balance khtm na hojaye... please tell me ye shi h,??

[@goutamdey4183]

Plz sir 1video for Excel

[@rinkusharma7093]

Pls make an Excel video

[@ramsahu7298]

Sir duties and taxes me jaakr hum data export kr skte hai kyu ki usme Sare expenses and purchase aa jata hai....

[@SunilY03.]

Sir please detailed guide video on excel chahiye

[@sandeepkumar-jh1vy]

Sir excel detail video leke aaiye sbki demand hai

[@pradeepshende9416]

Sir if we can't avail itc after oct then can supplier show his sale? He also not liable to show his sale. Correct

[@taxguru5872]

Sir Excel pe vedio bnao

[@nileshgujar07]

Video on excel in detail sir