🇮🇳India

GST आरसीएम अनुपालन बोझ

1 verified sources

Definition

The Mechanism: Performance contracts with individual musicians trigger 18% GST under Reverse Charge Mechanism. Manual TDS/GST filings cause compliance costs.

Key Findings

  • Financial Impact: 10-20 hours/month (₹5,000-15,000 CA fees); 18% GST on fees
  • Frequency: Monthly for multiple contracts
  • Root Cause: No GST clause standardization in musician contracts

Why This Matters

The Pitch: Organizers spend 10-20 hours/month (₹5,000-15,000) on RCM filings per contract. Automated invoicing cuts this by 90%.

Affected Stakeholders

Organizer, Accountant

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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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