Input Credit, Maximized with Clarity
Claiming input tax credit (ITC) without proper reconciliation can lead to disallowances, interest liabilities, or notices from the department. With auto-populated GSTR-2A/2B formats and dynamic vendor behavior, businesses need structured monitoring and reconciliation.
Lekshmi N Iyer & Associates helps you align your purchase records with GSTN data—ensuring accurate claims, better vendor coordination, and preparedness for scrutiny.
We support professionals and businesses across sectors
We also help companies who’ve faced mismatches or disallowances in past returns to rebuild confidence in their input claim processes through automation or guided manual tracking.
Getting the Credit You’re Entitled To
Our process not only detects mismatches but also helps you understand why they happen. We classify mismatches by nature (non-filing vendor, invoice error, etc.) and help fix them proactively—before they escalate.
Our Reconciliation Process
Clients benefit from a 4-phase system that includes ledger extraction, auto vs manual matching, mismatch flagging, and vendor follow-up support.
We build monthly reports and maintain cumulative records to make your ITC claims traceable and audit-friendly.
What’s Included in Our Service
GSTR-2A/2B Matching
Automated and manual reconciliation of ITC ledgers with portal data.
Mismatch Categorization
Detailed classification: missing invoices, non-filers, rate discrepancies, etc.
Audit & Assessment Preparation
Readiness reports and summaries to ease scrutiny response.
ITC Adjustment Advisory
Strategic guidance on re-claiming or reversing ITC based on validity.
Input Tax Credit FAQs
Common questions about income tax, compliance, and litigation support in India.
Why is input tax credit reconciliation important?
To ensure only valid ITC is claimed. Mismatched or ineligible claims can be disallowed, leading to penalties.
What’s the difference between GSTR-2A and GSTR-2B?
GSTR-2A is dynamic and updates as vendors file. GSTR-2B is static and used for ITC claim decisions. We reconcile both for consistency.
What happens if my vendor hasn’t filed their return?
You may not be able to claim that ITC yet. We help track and communicate with vendors to avoid loss of credit.
Can I claim credit in a later period?
Yes, within the time limit prescribed by law (currently before the November return of the following FY). We track missed claims to ensure timely action.
