🇮🇳India

GST समायोजन त्रुटि दंड

2 verified sources

Definition

Reconciliation failures cause non-compliance with GST invoicing, risking fines for ITC errors[3][8].

Key Findings

  • Financial Impact: ₹10,000-50,000 penalty per flagged invoice + lost ITC @18% GST on retainers[3]
  • Frequency: Quarterly GSTR filings
  • Root Cause: Manual errors in invoice accuracy and matching

Why This Matters

The Pitch: India marketing firms risk ₹10,000+ GST penalties per mismatch. Automated reconciliation ensures ITC compliance.

Affected Stakeholders

Compliance Officer, Tax Consultant

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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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