🇮🇳India

GSTR-1 और GSTR-3B दाखिल करने में देरी जुर्माना

2 verified sources

Definition

Event management companies must file GSTR-1 (monthly/quarterly outward supplies) by the 10th and GSTR-3B (summary of inward/outward) by the 20th of the following month. Non-compliance triggers interest at 18% p.a. and penalties. Manual invoice management and bank reconciliation delays cause filing failures, especially for high-volume event companies handling multiple milestone payments.

Key Findings

  • Financial Impact: Estimated: ₹25,000–₹2,50,000 annually. Interest accrual: 18% p.a. on tax amount due (e.g., 2-month delay on ₹1 lakh GST liability = ₹3,000 interest). Penalties: ₹100–₹500 per day of delay (typical penalty: ₹10,000–₹50,000 per annum for repeated breaches).
  • Frequency: Monthly/quarterly (GSTR-1); monthly (GSTR-3B); yearly (GSTR-9). Recurring monthly risk.
  • Root Cause: Manual invoice consolidation from multiple clients and vendors; slow bank statement reconciliation; lack of real-time invoice-to-return mapping; poor coordination between billing and compliance teams.

Why This Matters

The Pitch: Event services companies in India lose ₹25,000–₹2,50,000 annually to GST late-filing penalties and interest charges. Automated invoice capture and return filing eliminates deadline breaches.

Affected Stakeholders

Accounts Receivable Team, Compliance Officers, Finance Controllers, Billing Managers

Deep Analysis (Premium)

Financial Impact

Financial data and detailed analysis available with full access. Unlock to see exact figures, evidence sources, and actionable insights.

Unlock to reveal

Current Workarounds

Financial data and detailed analysis available with full access. Unlock to see exact figures, evidence sources, and actionable insights.

Unlock to reveal

Get Solutions for This Problem

Full report with actionable solutions

$99$39
  • Solutions for this specific pain
  • Solutions for all 15 industry pains
  • Where to find first clients
  • Pricing & launch costs
Get Solutions Report

Methodology & Sources

Data collected via OSINT from regulatory filings, industry audits, and verified case studies.

Evidence Sources:

Related Business Risks

GST रजिस्ट्रेशन विलंब और ITC नुकसान

Estimated: ₹50,000–₹5,00,000 annually per company (penalties + forfeited ITC on ₹10–₹50 lakh annual purchases at 18% GST rate = ₹1.8–₹9 lakh potential ITC loss; penalties for late registration: ₹10,000–₹1,00,000+).

माइलस्टोन भुगतान और बिल योग्य सेवाएं छूट जाना

Estimated: 2–5% revenue leakage = ₹2–₹5 lakh annually per ₹1 crore revenue. Example: 50-event company at ₹5 lakh per event = ₹2.5 crore revenue; 3% leakage = ₹75 lakh annual loss.

मील का पत्थर भुगतान सत्यापन और अनुमोदन में देरी

Estimated: ₹25–₹50 lakh monthly cash drag per ₹2.5 crore annual revenue company. Working capital cost: 12% p.a. = ₹30,000–₹60,000 monthly opportunity cost. Annual impact: ₹3.6–₹7.2 lakh.

GST अनुपालन और ITC सुलह मैनुअल कार्य बोझ

Estimated: 20–40 hours/month × ₹2,000–₹5,000/hour (finance staff cost) = ₹40,000–₹2,00,000 monthly = ₹4.8–₹24 lakh annually. Additional: ₹5,000–₹50,000 lost ITC claims per flagged invoice (delayed resolution = blocked credits for 1–3 months).

रिवर्स चार्ज मैकेनिज्म (RCM) गलत आवेदन और देरी

Estimated: ₹25,000–₹2,50,000 annually. Typical scenario: 20–30 unregistered vendors/year × ₹10,000–₹50,000 per vendor = ₹2–₹15 lakh annual RCM liability. Penalties for non-filing: ₹5,000–₹50,000+ per violation; interest: 18% p.a. on dues.

GST गैर-अनुपालन जुर्माना

₹10,000-₹25,000 penalty per return + 100% of denied ITC (typically 2-5% of vendor spend)

Request Deep Analysis

🇮🇳 Be first to access this market's intelligence