🇮🇳India

GST ITC Matching गलतियाँ

2 verified sources

Definition

In vehicle acquisition via floor plan financing, dealers receive supplier invoices for vehicles that must be e-invoiced and matched for ITC. Manual reconciliation of flagged invoices causes ITC reversals and GST penalties.

Key Findings

  • Financial Impact: ₹10,000-50,000 penalty per mismatched return + 2-5% lost ITC on ₹5-10 crore annual financing turnover
  • Frequency: Monthly GSTR-3B filings
  • Root Cause: Manual handling of e-invoices for hypothecated vehicle inventory

Why This Matters

The Pitch: Retail Motor Vehicles dealers in India waste ₹10-20 लाख annually on ITC reconciliation for floor plan financing. Automation of GSTR-2B matching eliminates this risk.

Affected Stakeholders

Accounts Manager, Finance Controller, Dealer Principal

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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