GST गैर-अनुपालन जुर्माना
Definition
In vendor procurement for events, staffing and service contracts attract 18% GST under Reverse Charge Mechanism (RCM). Failure to file correct GSTR-3B or reconcile ITC with GSTR-2B results in denied input tax credits and penalties.
Key Findings
- Financial Impact: ₹10,000-₹25,000 penalty per return + 100% of denied ITC (typically 2-5% of vendor spend)
- Frequency: Monthly/Quarterly filings
- Root Cause: Manual invoice matching and RCM computation errors in contract management
Why This Matters
The Pitch: Events Services players in India waste ₹5-10 लाख annually on denied ITC and penalties. Automation of invoice reconciliation eliminates this risk.
Affected Stakeholders
Procurement Manager, Accounts Payable, Event Coordinator
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.
Related Business Risks
कॉन्ट्रैक्ट अतिरिक्त लागत
वेंडर ब्लैकलिस्टिंग हानि
RFP बिड रिजेक्शन
वेन्यू अनुबंध धोखाधड़ी और जमा हड़पना
अनबिल्ड वेन्यू जमा और संविदा त्रुटियाँ
जीएसटी उल्लंघन वेन्यू जमा पर
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