🇮🇳India

जीएसटी ITC दावा हानि

1 verified sources

Definition

Fuel purchases require GST-compliant invoices for ITC, but manual tracking leads to lost or invalid records, resulting in unclaimed tax credits and higher effective costs.

Key Findings

  • Financial Impact: 5-18% GST ITC lost per fuel invoice (₹2.5-9/litre on diesel); annual loss ₹50,000+ per vehicle[1]
  • Frequency: Per monthly GSTR-3B filing
  • Root Cause: Scattered receipts, no centralized digital logs, manual reconciliation errors

Why This Matters

The Pitch: Taxi operators in India forfeit 5-18% ITC on fuel expenses due to poor tracking. Digital GST-ready records ensure full compliance and recovery.

Affected Stakeholders

Tax Accountants, Compliance Officers, Fleet Owners

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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