🇮🇳India

GST अनुपालन दंड

1 verified sources

Definition

Manual vendor invoice processing fails to ensure GST compliance, leading to ITC denial and penalties from improper matching with GSTR-2B.

Key Findings

  • Financial Impact: ₹10,000-1 lakh penalty per mismatch + 20-40 hours/month manual reconciliation
  • Frequency: Monthly during GSTR filings
  • Root Cause: Manual data entry errors and lack of automated ITC matching

Why This Matters

The Pitch: Office administration firms in India waste ₹5-10 lakh annually on GST penalties and manual reconciliation. Automation of invoice matching eliminates this risk.

Affected Stakeholders

Accounts Payable Manager, Finance Controller, CFO

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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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