🇮🇳India

ITC Reconciliation विफलता से GST दंड

1 verified sources

Definition

Flagged invoices from staffing services lead to manual reconciliation burdens, exposing to statutory fines during collections.

Key Findings

  • Financial Impact: ₹10,000+ statutory fine per unreconciled invoice; 2-5% revenue at risk from ITC losses
  • Frequency: Monthly GSTR filings
  • Root Cause: Manual ITC matching with GSTR-2B for >₹50 crore turnover firms

Why This Matters

The Pitch: Staffing firms risk ₹10,000–₹50,000 penalties per mismatch in collections process. Automation ensures 100% ITC claim compliance.

Affected Stakeholders

Compliance Officers, Accounts Receivable

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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