CFO Diaries 4 - Biz Millennium

Transforming Enterprise’s ITC

A Unified SaaS for Vendor Payment Blocking

00Days
00Hours
00Minutes

Speakers

Kaustav Sil

CFO, Sandvik

Gaurav Sharma

Director Product, Clear

About

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.

Learning Outcomes

Introduction to the guest speaker
Key challenges in ITC optimisation & complex web of tasks
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

Transforming Enterprise’s ITC

A Unified SaaS for Vendor Payment Blocking

Speakers

Kaustav Sil

CFO, Sandvik

Gaurav Sharma

Director Product, Clear

About

Learning Outcomes

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