Based on new rule addition by CBIC of 20% provisional ITC, now it is important to do reconciliation and check how much ITC is available on a monthly basis. To know this monthly ITC, you will get one option in the Reconciliation module i.e. “Know Your Monthly ITC”.
Follow the below procedure to generate ITC report and to view monthly recon results:
1.GET GST data through Bulk Download 2A Data for selected GSTIN and Return Period
2. Select option i.e. Know Your monthly ITC
3. Now firstly to generate Monthly 2A Summary select GSTIN and Return period and click on Calculate 2A summary
4. To view reconciliation results on monthly basis click on “Monthly Recon Results”
To know in detail click on the above-mentioned link.
