EFFORTLESS RECONCILIATION FOR BUSINESS TRAVEL DATA
About SkyLedger
A comprehensive, end-to-end reconciliation solution that aligns travel agent statements (Purchase Register) with GSTR-2B (Input Tax Register) to ensure precise validation of input tax credit (ITC) on airline service procurement.
By institutionalizing a structured reconciliation framework, businesses can enhance tax governance, optimize ITC recovery, and mitigate financial leakages.
This consultative approach delivers greater control over travel related spend, improves audit readiness, and embeds efficiency into the tax compliance process, ultimately enabling organizations to strengthen their EBITDA and overall profitability through optimized business travel expenditure management.
The Problem Statement
Fragmented Documentation Flow
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The invoicing landscape remains highly fragmented, with airlines adhering to varying issuance timelines, formats, and processes.
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This lack of standardization creates significant challenges in consolidating invoice data, thereby impeding accurate matching, reconciliation, and downstream tax compliance over time.
Differentiated Taxable Value of Service
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The invoice flow remains fragmented, with airlines operating on disparate timelines and issuance methodologies.
This inconsistency poses significant challenges in timely collection, consolidation, and reconciliation of invoices, often resulting in process inefficiencies and delayed tax compliance.
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Managing Multiple Airline Documentation
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Managing multiple invoices from two primary suppliers, ie, Travel Management Companies and airlines can be operationally intensive.
Consolidating these diverse data streams into a unified transaction framework is complex, increasing the risk of missed reconciliations and unclaimed eligible input tax credits.
Solution & Process Excellence
​The first step in the reconciliation process is to collect accurate and complete documentation such as invoices, credit notes, and supporting records from various airlines for all transactions. Since airlines follow different invoicing practices and timelines, ensuring consistency and accuracy at this stage is crucial for reliable reconciliation and accurate ITC claims.
Documentation Management
The next step involves extracting key data points from airline invoices, such as invoice numbers, dates, GSTINs, fare amounts, and tax components, and mapping them to corresponding transaction entries in internal records. This ensures alignment between airline invoices and internal records, facilitating accurate reconciliation and validation of input tax credit.
Data Extraction Management
​The final step is to reconcile the extracted and mapped data with the GSTR2B return, ensuring all transactions are accurately reflected and eligible input tax credits are captured. Any discrepancies are identified and addressed by reviewing internal records or coordinating with the supplier, helping to ensure GST compliance and maximize ITC claims.
Reconciliation Management
TraCarta offers a structured documentation collation service that consolidates all airline records, such as invoices, credit notes, and debit notes which are linked to travel agent transactions.
Using its proprietary AirX© Automation Framework, the platform organizes and validates documents for completeness and traceability. The result is an audit-ready, single source of truth for all airline transactions, ensuring accurate, compliant, and efficient tax and finance processing.
Deliverable Matrix
Airline Documentation Set
A complete set of airline issued invoices and credit notes, essential for accurate reconciliation, ITC validation, and compliance support.
TraCarta GST Report
The industry's first two way reconciliation between airline documentation and GSTR2B to ensure a thorough and accurate completion rate.
GST Audit Report
A comprehensive final audit report highlights transactions missing GST details and identifies any additional transactions reported in the GSTR2B.
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Partner with us to unlock precision, compliance, and performance across every transaction.