🇮🇳India

एडवांस पेमेंट में TDS डिफॉल्ट

2 verified sources

Definition

Split advances (e.g., 1/3 on signing, delivery, publication) require TDS tracking; defaults invite GST/TDS penalties.

Key Findings

  • Financial Impact: ₹1,000-₹10,000 penalty per late TDS (₹200-₹50,000 advance); 1-1.5% interest/month.
  • Frequency: Per advance instalment (2-3 per contract).
  • Root Cause: Manual TDS calculation on irregular payments.

Why This Matters

The Pitch: Book publishers in India face ₹1,000-₹10,000 penalties per missed TDS on advances. Automation ensures compliance and avoids fines.

Affected Stakeholders

Accounts Team, Compliance Officer

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.

Evidence Sources:

Related Business Risks

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