GST ITC Reconciliation त्रुटियाँ
Definition
Vendor purchase order management involves manual entry of invoices which often mismatch with GSTR-2B, causing ITC denial during GST audits. Retailers face repeated filings and interest on blocked credits.
Key Findings
- Financial Impact: ₹10,000-50,000 penalty per mismatched invoice + 18% interest on blocked ITC (typical ₹2-5 लाख/year for mid-size retailer)
- Frequency: Monthly during GSTR-3B filing
- Root Cause: Manual PO-to-invoice matching without e-invoicing integration
Why This Matters
The Pitch: Retail Art Supplies players in India waste ₹5-10 लाख annually on manual GST reconciliation for vendor POs. Automation of invoice matching eliminates ITC blockage risks.
Affected Stakeholders
Accounts Payable Manager, GST Compliance Officer, Vendor Coordinator
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.
Related Business Risks
TDS कटौती डिफॉल्ट
वेंडर Reverse Charge Mechanism गलतियाँ
वेंडर इनवॉइस फ्रॉड
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मौसमी माल की योजना में स्टॉक बर्बादी
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