Calculation & Set-off Services
Managing the Payment Workflow
Correct tax determination is critical to avoid the common pitfalls of double taxation or ineligible credit claims:
- Output Tax Determination: Precise calculation of tax collected on sales across different GST slabs.
- ITC Optimization: Verifying and calculating eligible Input Tax Credit to be set off against output liability.
- Cash Ledger Management: Facilitating the deposit of the net GST payable amount within the 20th/24th of every month.
- RCM Compliance: Identification and payment of tax under the Reverse Charge Mechanism.
- Interest Calculation: Determining and depositing interest for delayed payments as per Section 50.
The Cost of Inaccuracy
Liquidity & Compliance Balance
Incorrect calculation of GST liability—whether it's overpayment or under-utilization of Input Tax Credit—directly impacts your business's working capital. Moreover, delayed deposits attract interest at 18% per annum, and chronic defaults can lead to the attachment of bank accounts. Our team provides rigorous oversight of your GST ledgers, ensuring that every rupee of eligible credit is claimed and the final tax is deposited through the Electronic Cash Ledger well within statutory timelines.