What we reconcile every month
- Purchase register against GSTR-2B, invoice by invoice
- Invoices missing in 2B, with a follow-up list for vendors
- Credits in 2B not in your books
- Blocked credits and personal-use items
- Reversal for invoices not paid within 180 days
- Import IGST against customs data
Time limits
Credit for a financial year must be claimed by the earlier of 30 November of the next year and the date of filing the annual return. Credit missed in the monthly returns can be lost if it is not claimed in time.
Output
A monthly report with the credit to claim, credit to hold or reverse, and vendor-wise follow-up. It also feeds into the annual return and replies to mismatch notices.
Frequently asked questions
Can I claim credit if my supplier has not filed GSTR-1?
Generally no. Credit is restricted to invoices reported by suppliers and appearing in GSTR-2B.
What happens if I do not pay a supplier within 180 days?
The credit must be reversed, with interest, and can be re-claimed after payment.
Do you work on our accounting software?
Yes. We work from your purchase register in Tally, Zoho, Busy or other software and the GST portal data.
This page gives general information about Agar & Co. and its services. It is not an advertisement or solicitation, and it should not be treated as professional advice. Rates, thresholds and due dates change from time to time.