- Vendor Payable Management
Vendor Ledger Reconciliation:
- Conduct periodic reconciliation of vendor statements.
- Identify and resolve discrepancies, debit/credit notes, and open balances.
- Maintain proper documentation for audit purposes.
- GST Reconciliation & Compliance
- GST Input Reconciliation
- Reconcile purchase register with GSTR-2A/2B on a monthly basis.
- Identify mismatches such as:
- Invoice not uploaded by vendor
- Incorrect GSTIN
- Duplicate entries
- Tax amount discrepancies
- Vendor Follow-up for Compliance
- Coordinate with vendors for timely GST return filing.
- Ensure correction of mismatches to safeguard Input Tax Credit (ITC).
- Maintain vendor compliance tracker for GST adherence.
- ITC Risk Monitoring
- Monitor blocked credits and ineligible ITC.
- Ensure reversals and re-availment are done as per statutory provisions.
- Maintain proper reconciliation working files for internal and statutory audit review.
