🇮🇳India

GST अनुपालन दंड

2 verified sources

Definition

Talent contracts often involve staffing or artist services subject to RCM under GST, requiring accurate TDS/GST deduction. Negotiation delays and tracking failures result in flagged invoices and penalties.

Key Findings

  • Financial Impact: ₹10,000-50,000 per non-compliant invoice + 18% interest; 20-40 hours/month manual ITC reconciliation
  • Frequency: Monthly GSTR filings; per talent contract
  • Root Cause: Manual negotiation without GST embedding; poor residual tracking for recurring royalties

Why This Matters

The Pitch: Media production players in India waste ₹5-10 लाख annually on GST penalties and manual reconciliations. Automation of talent contract GST clauses eliminates this risk.

Affected Stakeholders

Producers, Finance Managers, Talent 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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