🇮🇳India

GST अनुपालन दंड

3 verified sources

Definition

In vendor purchase order and contract management, failure to comply with GST e-invoicing (mandatory for turnover >₹50 crore) and GSTR-2B reconciliation causes ITC blockage. Manual processes result in errors, leading to penalties and lost credits.

Key Findings

  • Financial Impact: ₹10,000-50,000 penalty per instance + 18% ITC denial on invoice value (typical ₹5-20 लाख/month purchases)
  • Frequency: Monthly during GSTR-3B filing
  • Root Cause: Manual verification of vendor POs/contracts against GSTR-2B flagged invoices

Why This Matters

The Pitch: Wholesale Paper Products players in India waste ₹10-25 लाख annually on manual GST reconciliation. Automation of vendor invoice matching eliminates ITC denial risk.

Affected Stakeholders

Accounts Payable Manager, GST Compliance Officer, Vendor Manager

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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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