GST Input Tax Credit Losses
Definition
In parts sourcing, failure to properly record GST-compliant invoices results in ATO denying input tax credit claims during BAS lodgement, directly increasing net procurement costs.
Key Findings
- Financial Impact: AUD 5,000-20,000 per year in lost input tax credits (10% GST on AUD 500k-2M procurement spend)
- Frequency: Quarterly BAS cycles
- Root Cause: Manual invoice processing without digital validation
Why This Matters
The Pitch: Commercial machinery maintenance firms in Australia 🇦🇺 lose AUD 5,000-20,000 annually on denied GST credits from procurement errors. Automation of invoice capture eliminates this risk.
Affected Stakeholders
Procurement Manager, Accounts Payable, Maintenance Supervisor
Deep Analysis (Premium)
Financial Impact
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Current Workarounds
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Methodology & Sources
Data collected via OSINT from regulatory filings, industry audits, and verified case studies.
Related Business Risks
AUSTRAC AML/CTF Reporting Failures
ATO BAS Lodgement Penalties
Payroll Tax on Contractor Overruns
Unbilled Change Order Services
Client Churn from Approval Friction
Idle Equipment Downtime
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