🇮🇳India

आवक सामग्री GST ITC मिलान विफलता

2 verified sources

Definition

Uncertified materials trigger flagged invoices, blocking input tax credits.

Key Findings

  • Financial Impact: ₹10,000-1 lakh penalty per mismatched invoice; 10-20% ITC blockage
  • Frequency: Monthly GSTR-3B reconciliation
  • Root Cause: Lack of integrated qualification-certification-invoicing workflow

Why This Matters

The Pitch: India semi manufacturers forfeit ₹2-5 crore ITC credits yearly from certification errors. Automated invoice matching recovers full claims.

Affected Stakeholders

Accounts Payable, Compliance Officers

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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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