🇮🇳India

GST ITC मिलान विफलता

3 verified sources

Definition

Processing VA payments involves issuing GST invoices for flight services; failure to match ITC in GSTR-2B results in denied credits and statutory fines, especially for schools above ₹50 crore turnover.

Key Findings

  • Financial Impact: ₹10,000+ penalty per mismatched invoice; 18% GST on services + 2-5% revenue as blocked ITC
  • Frequency: Quarterly GSTR-3B filing
  • Root Cause: Manual invoice flagging resolution for international VA payments

Why This Matters

The Pitch: Flight training firms in India 🇮🇳 lose ₹10,000-50,000 quarterly on GST penalties. Automation of GSTR-2B reconciliation eliminates this risk.

Affected Stakeholders

GST Compliance Officer, Finance Manager

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.

Evidence Sources:

Related Business Risks

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