🇮🇳India

GST इन्वेंटरी अनुपालन दंड

2 verified sources

Definition

Inaccurate stock records lead to ITC denial and GST compliance violations in sports retail.

Key Findings

  • Financial Impact: ₹1-2 lakh/year penalties + 100% ITC loss per mismatch (GST penalty 10-25% + interest)
  • Frequency: Quarterly filings
  • Root Cause: Manual stock updates not synced with GST invoicing

Why This Matters

The Pitch: Sports shops risk ₹1-2 lakh fines/year from GST ITC mismatches. Automated inventory-GSTR linking prevents audit failures.

Affected Stakeholders

Accountants, Compliance Officers

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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