🇮🇳India

GST अनुपालन दंड

2 verified sources

Definition

Professional organizations collecting conference fees must register for GST if turnover exceeds ₹20 lakh, leading to penalties for manual non-compliance in payment reconciliation.

Key Findings

  • Financial Impact: ₹10,000+ late fee per return + 18% interest; typical ₹25,000-1 lakh per incident
  • Frequency: Per delayed GSTR-3B filing (monthly/quarterly)
  • Root Cause: Manual payment tracking without e-invoicing/ITC matching

Why This Matters

The Pitch: Professional Organizations in India waste ₹10,000-50,000 annually on GST penalties from conference payments. Automation of invoice matching eliminates this risk.

Affected Stakeholders

Event Treasurer, Finance Manager, Compliance Officer

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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