- Bangalore , Karnataka
- +91 9652867369
- casmsathvik@gmail.com
Sathvik S & Co
Chartered Accountant
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Chartered Accountant
Our ITC and RCM review services go beyond validation — they ensure accurate credit eligibility, regulatory compliance, and a defensible GST position.
Our ITC review and RCM evaluation services are designed to ensure accurate credit eligibility, compliance with GST provisions, and optimisation of working capital. We conduct detailed reviews of input tax credit claims, vendor compliance, and statutory timelines, ensuring alignment with applicable GST rules.
We perform structured analysis of invoice eligibility, vendor filings, and credit utilisation, identifying blocked credits under Rule 42/43, ineligible ITC, and compliance gaps. Our approach quantifies risk exposure and ensures that discrepancies are addressed before they lead to financial or regulatory impact.
Our engagements also focus on Reverse Charge Mechanism (RCM) compliance, evaluating transactions such as import of services, cross-charges, and procurement from unregistered vendors. The result is a clean and compliant credit ledger supported by accurate documentation and audit-ready records.
Our ITC and RCM methodology is structured to deliver credit validation, compliance assurance, and risk mitigation across GST processes. Each engagement follows a systematic workflow aligned with GST rules and regulatory requirements, ensuring consistency and reliability.
We begin with data collection and transaction mapping, identifying eligible and ineligible credit components across purchase records. This is followed by invoice validation and vendor reconciliation, ensuring that credits are supported by compliant documentation and vendor filings.
Our procedures include eligibility testing, rule-based classification, and RCM evaluation, analysing applicability under Rule 42/43 and reverse charge provisions. We assess time limits, utilisation patterns, and reporting accuracy, ensuring completeness and compliance.
The engagement concludes with reporting and corrective action planning, where findings are summarised and recommendations are provided. The outcome is a structured process that ensures accurate credit claims, compliant RCM treatment, and reduced audit risk.
An ITC and RCM review delivers more than compliance—it ensures accuracy, cost optimisation, and regulatory confidence in GST reporting. Our approach enables businesses to maintain clean credit records and structured compliance systems.
We deliver value through detailed validation, risk identification, and practical recommendations. Our insights reduce exposure to reversals and penalties, resulting in improved cash flow efficiency and stronger compliance posture.
Every engagement concludes with a comprehensive, ITC review and RCM evaluation report detailing eligibility status, discrepancies, and risk exposure. We provide credit classification summaries, mismatch reports, and compliance observations, ensuring clarity and traceability.
Additionally, clients receive corrective action notes and documentation guidelines to support implementation. Each deliverable is structured, precise, and compliant—ensuring usability for GST audits, departmental reviews, and internal control systems.
Our services are delivered in accordance with the GST Act, Rules, and ITC provisions including Rule 42/43 and RCM regulations. These standards ensure that all evaluations are accurate, compliant, and aligned with statutory requirements.
We also incorporate validation frameworks, reconciliation protocols, and documentation standards to enhance reliability. Together, these ensure that every engagement is systematic, evidence-based, and aligned with GST best practices.