What is ITC Reconciliation?

ITC Reconciliation is the process of matching the Input Tax Credit available as per GSTR-2B with the purchase records in your books to ensure accurate GST claims and compliance.

Why is ITC Reconciliation important?

It helps prevent GST credit loss, avoids notices and penalties, and ensures you claim only eligible ITC.

How do I sync and reconcile ITC data?

Use the Sync All Data feature to fetch GSTR-2B from GSTN, then match with your purchase records. The dashboard highlights mismatches and defaults for review.

Can I export ITC reports?

Yes, you can export ITC summary and detailed reconciliation reports in Excel format for your records or audits.

What if there are mismatches or defaults?

Review the flagged invoices, update your records, or communicate with vendors to resolve discrepancies. The dashboard helps you track and resolve all issues.

Is ITC Reconciliation available for all plans?

Yes, ITC Reconciliation is included in all LEDGERS paid plans. Contact support for enterprise or custom requirements.

GST · ITC Reconciliation

ITC Reconciliation made easy

Ensure 100% ITC accuracy with automated reconciliation between GSTR-2B and purchase data — identify mismatches, track pending claims, and maximize your GST credit effortlessly.

Monthly ITC received, receivable, mismatch & default columns
FY-wise sync from GSTN with one-click Sync All Data
ITC summary card and metrics donut for instant visibility

ITC Reconciliation

FY 25-26

Jun

₹1.6k

Jul

₹1.1k

Aug

₹5.7k

Sep

₹8.4k

Oct

₹10.1k

Nov

₹13.6k

Dec

₹14.4k

Jan

₹9.5k

Jun 2025 Export

811

Received

—

Receivable

—

Reconciled

811

Default

ReceivedReceivableReconciledDefault

How ITC Reconciliation Works

Three steps to compliant ITC

Step 01

Sync ITC Data

Fetch your GSTR-2B data from GSTN and import purchase records from your books.

Step 02

Reconcile & Review

Match ITC received (GSTR-2B) with ITC receivable (your records). Identify mismatches and defaults.

Step 03

Export & Take Action

Download detailed monthly or yearly reports for audit, compliance, or further action.

Match engine

Bridge GSTR-2B with your books

LEDGERS compares portal-side ITC with purchase records invoice by invoice. Matched rows reconcile instantly; defaults and mismatches surface in red for follow-up.

Auto ITC sync from GST portal
Month-wise drill-down with Excel export per row
ITC summary card updates as you review each period

Live matching

GSTR-2B invoices bridged to your purchase books

GSTR-2BYour books

INV-1042

₹18,400

INV-1042

₹18,400

INV-1088

₹6,200

INV-1088

₹6,200

INV-1103

₹4,100

—

Not found

INV-1120

₹9,750

INV-1120

₹9,750

Why LEDGERS

Built for finance teams

Everything you need for ITC compliance in a single workspace.

Stay Compliant

Avoid penalties and ensure timely, accurate ITC claims.

Faster Reconciliation

Automated matching and clear dashboard for quick review.

Audit Ready

Export detailed reports for internal and external audits.

Auto ITC Sync

Sync ITC data directly from GST portal for accurate reconciliation.

Export Reports

Download ITC summary and reconciliation reports in Excel format.

Visual Metrics

View ITC received, receivable, mismatches, defaults, and reconciled in one dashboard.

Everything You Need to Know

Answers, insights, and step-by-step guidance for LEDGERS ITC Reconciliation

Frequently Asked Questions

Quick answers about LEDGERS ITC Reconciliation features and capabilities

ITC Reconciliation made easy

Ensure 100% ITC accuracy with automated reconciliation between GSTR-2B and purchase data — identify mismatches, track pending claims, and maximize your GST credit effortlessly.

Monthly ITC received, receivable, mismatch & default columns

FY-wise sync from GSTN with one-click Sync All Data

ITC summary card and metrics donut for instant visibility