🇮🇳India

GST अनुपालन दंड

2 verified sources

Definition

Consultant and contractor payments attract 18% GST under Reverse Charge, requiring manual ITC reconciliation with GSTR-2B, leading to penalties for mismatches.

Key Findings

  • Financial Impact: ₹10,000-50,000 penalty per mismatched return + 20-40 hours/month manual reconciliation
  • Frequency: Monthly GSTR filings
  • Root Cause: Manual handling of Reverse Charge GST and GSTR-2B ITC matching

Why This Matters

The Pitch: Think Tanks in India waste ₹5-10 लाख annually on GST penalties and manual reconciliation for contractor payments. Automation of Reverse Charge GST computation eliminates this risk.

Affected Stakeholders

Accounts Payable, Finance Manager, Compliance Officer

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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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