🇮🇳India

जीएसटी इन्वेंटरी ITC मिसमैच

2 verified sources

Definition

The Mechanism: Due to poor prize inventory tracking, GSTR-2B ITC matching fails for prize purchases. Manual reconciliation leads to denied credits and penalties.

Key Findings

  • Financial Impact: ₹10,000-50,000 penalty + 100% ITC denial per mismatch (₹1 लाख+ annual)
  • Frequency: Quarterly filings
  • Root Cause: Manual records not matching supplier invoices

Why This Matters

The Pitch: Arcades forfeit ₹1-3 लाख/year in ITC due to redemption inventory gaps. Automated tracking ensures 100% reconciliation.

Affected Stakeholders

Accounts team, Compliance officers

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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.

Evidence Sources:

Related Business Risks

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