Overview of ITC Claim In Marg ERP Software

Process to View ITC Claim Report In Marg ERP Software

Overview of ITC Claim In Marg ERP Software

• Input Tax Credit (ITC) refers to the credit that a business can claim for the taxes it has paid on its purchases of goods or services. This credit is usually claimed against the taxes the business owes on its sales.
• Businesses are allowed to reduce their tax liability by the amount of tax paid on inputs (purchases) from the total tax collected on outputs (sales).

Process to View ITC Claim Report In Marg ERP Software

• Go to GST > GSTR 2A-2B Reconciliation.

• Click on 'ITC Claim Report'.

a. Month: Mention the month in which the report needs to be viewed.

b. From: Mention the date from which the report needs to be viewed.

c. To: Mention the date upto which the report needs to be viewed.

d. ITC Amount: Mention the amount for which the report needs to be viewed.

Now the user will click on 'View/Print/GUI View/GUI Print/Excel' as per the requirements.

Suppose select 'View'.

After following the above steps, the user can view ITC Claim report will be generated in Marg ERP Software.