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Claim ITC in GSTR-3B

Describes how to claim ITC on documents reported in GSTR-3B

It is very important to timely claim ITC on the documents being reported in GSTR-3B in order to avoid blocking the working capital between return cycles. Octa GST provides a simplified user interface which enables you to:

  • Claim ITC on large number of documents in few clicks
  • Claim ITC on individual documents
  • View the documents on which ITC has not been claimed

Using Octa GST, you will not miss ITC on even a single document. In addition to this, you can view your purchase data while claiming ITC so that you can better decide the amount of ITC eligibility.

Bulk ITC Claim

Octa GST provides a convenient bulk ITC claim mechanism using which you can claim ITC on a large number of documents. For example, you can claim ITC on all purchases from a supplier. Or you can reset the claimed ITC on documents if you wish to start over.

 

ITC Claim on Single Invoice

Sometimes you need more control on the eligibility and amount of ITC claim. For example, ITC is not available on some type of purchases or ITC claim amount is less because of partial personal use.

Octa GST provides a convenient and fine control of ITC claim if you need it:

  • View the complete document details
  • Adjust ITC on various tax amounts by specifying a single ITC percentage
 

Continue reading: Octa GST Guide