CFODiaries EP4: Transforming Enterprises's Input Tax Credit
By CA Surbhi Punshi, Tax Expert | Feb 27, 2024
A Chartered accountant with a stronghold in the field of Direct and the Indirect taxes handling entire gamut of professional services including consultancy, compliance advisory and training. Currently working on managing GST and the E-way bill Advisory and software development. In past, have experience of statutory and internal auditing along with the finalisation of the books of accounts for various businesses.
About the Webinar
In the complex realm of Input Tax Credit (ITC) reporting, finance leaders and tax teams navigate challenges such as unclaimed ITC, amendments, and reversals whilst withholding GST payments to non-compliant vendors. Automating Table-4 generation and maintaining a detailed ledger to address government notices become critical. The best approach to de-risk compliance is choosing a unified compliance solution with intuitive workbenches and configurable vendor management systems. Minimise loss of working capital and mitigate compliance risks with peace of mind. Automated validation checks ensure accuracy, flagging erroneous ITC claims, including any incorrect place of supply and time-barred claims. Integrating ERP systems with cloud-based SaaS solutions will enhance the quality of ITC eligibility checks and compliance efficiency in real time. Join us in our exclusive virtual event on “Transforming Input Tax Credit Claims in 2024: Solving Vendor Payment Blocking Dilemma” between CA Surbhi Punshi, Lead Product Manager at Clear, Mr. Ramesh Khaitan, Global Head & Vice President at Lupin and Ms. Richa Bhathla, Chief Financial Officer at Steelcase. Discover tested strategies on how finance leaders can streamline ITC management, bolster compliance, and effectively mitigate financial risks.
Things we will discuss
Introduction to the guest speaker
Key challenges in ITC optimisation & complex web of tasks
Impact of ITC mismanagement on working capital
Tackling vendor non-compliance to maximise ITC claims
Effective strategies for ITC management & compliance assurance
Need for a shift from a standalone tool to a compliance cloud
Right ITC management practices for risk assurance
Firsthand insights from our guest speaker & strategic moves
Unified compliance solution by Clear with Q&A
Clear offers taxation & financial solutions to individuals, businesses, organizations & chartered accountants in India. Clear serves 1.5+ Million happy customers, 20000+ CAs & tax experts & 10000+ businesses across India.
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