Since the GST has implemented, businesses are closely and regularly scrutinized by the GST authorities using the online taxation system. Businesses require reconciliation for GST returns due to several reasons. This is why taxpayers must reconcile their data on a monthly basis with the data confirmed by their vendors.
This way, businesses can claim accurate ITC (Input Tax Credit) and avoid GST registration to get suspended because of any major mismatches between GST returns.
It is somehow a challenging task. Finkraft offers an automated and reliable SaaS system, which helps to ease out the GST filing procedures including Reconciliation.
For Immediate Release
There is a wide range of GST reconciliation tools on the web. But Finkraft offers a reliable way to reconcile invoice data from many vendors.
A 3-way GST-1 or GSTR 2A reconciliation provides an overall idea of mismatches in data, missing invoices, invoices not filed by the vendors, etc. The company uses AI Engine to recognize the mismatches and send reports to vendors via mail.
The company has plenty of satisfied clients who show their trust for this automated tool regarding the generation of their digital GST invoices. Know why this automated system to manage GST E Invoice System is useful:
Massive data handling
This automated tool can handle a huge amount of data as the data needs to be collected from many vendors at the same time.
Import data from the GST portal
Any business can link their Finkraft portal to GST E invoice servers and fetch the data easily. This way, invoice validation, and reconciliation are being done in real-time.
Reporting and insights with depth
Businesses can avail insights based on the data submitted to the tool in a well-presented format, which will help them make the ideal decisions
Using the Advanced OCR technology
The tool has the ability to read the text of any type from all formats of invoices and fetch them easily. Corporates can submit or upload invoices to the tool in any format like Excel and get reports ready once the tool validates and reconciles the data. They can access reports in the dashboard section.
Company contact information
Phone number: +91 9222666999
Email ID: [email protected]