🇮🇳India

GST ITC Reconciliation Manual Burden

2 verified sources

Definition

Video production involves multiple vendors for scripting, shooting, VO, editing; each generates GST invoices requiring GSTR-2B matching. Mismatches cause manual resolutions, leading to blocked ITC.

Key Findings

  • Financial Impact: ₹2-5 lakhs/year in blocked ITC per mid-size firm (20-40 hours/month manual work at ₹500/hr); penalties up to 100% of tax evaded.
  • Frequency: Monthly during GSTR filings
  • Root Cause: Manual post-production invoice tracking without e-invoicing integration

Why This Matters

The Pitch: E-Learning providers in India waste ₹5-10 lakhs annually on manual GST reconciliation for video workflows. Automation of invoice matching eliminates ITC losses.

Affected Stakeholders

Accounts Manager, Production Head, Freelance Coordinators

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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