🇮🇳India

एस्क्रो फंड्स पर जीएसटी अनुपालन त्रुटि

2 verified sources

Definition

Escrow mechanisms ensure prize payouts and tax obligations, but manual processes lead to GST compliance issues like ITC mismatches on platform fees (10% of prize pool).

Key Findings

  • Financial Impact: ₹10,000-₹25,000 penalty per GSTR-3B mismatch; 18% GST on staffing if applicable
  • Frequency: Monthly GSTR filings
  • Root Cause: Manual reconciliation of escrow disbursals with GST returns

Why This Matters

The Pitch: Fantasy sports clubs in India 🇮🇳 face ₹10,000+ GST penalties per mismatch on escrow prizes. Automated reconciliation with GSTR-2B eliminates fines.

Affected Stakeholders

Accounts Team, Tax Consultant

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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