🇮🇳India

GST अनुपालन दंड

2 verified sources

Definition

Pre-season booking generates advance invoices subject to GST e-invoicing (mandatory >₹50 Cr turnover). Non-compliance or reconciliation errors with GSTR-2B cause Input Tax Credit blockage and fines.

Key Findings

  • Financial Impact: ₹10,000-25,000 penalty per default + 18% blocked ITC on order value (typical ₹5-20 lakh futures order)
  • Frequency: Monthly GSTR filings; seasonal peaks in pre-booking
  • Root Cause: Manual order-to-invoice matching in futures booking without e-invoicing integration

Why This Matters

The Pitch: Wholesale Footwear players in India waste ₹10,000-50,000 annually on GST penalties per missed filing. Automation of futures order invoicing eliminates this risk.

Affected Stakeholders

Finance Manager, Order Processing Team, 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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