CFODiaries EP4: Transforming Enterprises's Input Tax Credit

By CA Surbhi Punshi, Tax Expert | Feb 27, 2024

About the Speaker
Surbhi Punshi
Tax Expert, Clear

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.

Efiling Income Tax Returns(ITR) is made easy with Clear platform. Just upload your form 16, claim your deductions and get your acknowledgment number online. You can efile income tax return on your income from salary, house property, capital gains, business & profession and income from other sources. Further you can also file TDS returns, generate Form-16, use our Tax Calculator software, claim HRA, check refund status and generate rent receipts for Income Tax Filing.

CAs, experts and businesses can get GST ready with Clear GST software & certification course. Our GST Software helps CAs, tax experts & business to manage returns & invoices in an easy manner. Our Goods & Services Tax course includes tutorial videos, guides and expert assistance to help you in mastering Goods and Services Tax. Clear can also help you in getting your business registered for Goods & Services Tax Law.

Save taxes with Clear by investing in tax saving mutual funds (ELSS) online. Our experts suggest the best funds and you can get high returns by investing directly or through SIP. Download Black by ClearTax App to file returns from your mobile phone.

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