🇮🇳India

लैंडेड कॉस्ट में GST ITC मिसमैच से पेनल्टी

2 verified sources

Definition

Landed cost inaccuracies lead to ITC reconciliation failures with GSTR-2B, a high pain point in imports. Footwear importers face manual resolution of flagged invoices from customs/GST components.

Key Findings

  • Financial Impact: ₹10,000-50,000 ITC denial per flagged invoice; ₹100-200 per day demurrage/warehouse if clearance delayed by cost disputes; statutory 18% GST + 100% penalty on short-pay
  • Frequency: Monthly GSTR-3B filing; per import clearance
  • Root Cause: Manual computation ignores ITC matching requirements for split costs across styles/sizes

Why This Matters

The Pitch: Wholesale Footwear firms in India lose ₹10,000-1,00,000 in ITC per mismatched import due to manual landed cost. Automation ensures GSTR-2B compliant reconciliation.

Affected Stakeholders

GST Compliance Officers, Customs Brokers, Accounts Payable

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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:

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