Recognising these persistent challenges, the Government has introduced the Invoice Management System (IMS) as a transformational solution for GST invoice compliance. This new feature represents a ...
The latest notification from India’s Central Board of Indirect Taxes and Customs has given relief to a whole host of businesses from preparing electronic invoices (e-invoice) ⁠— under the ...
GST rules: The Goods and Services Tax Network (GSTN) has announced an update to the e-invoicing process for businesses. Effective April 1, 2025, taxpayers with an annual aggregate turnover (AATO ...
The Goods and Services Tax (GST) framework in India has undergone several changes since its inception in 2017. One of the most significant updates is the introduction of the Invoice Management ...
The Goods and Services Tax (GST) regime requires the sellers to upload invoices in a timely manner to allow buyers to avail GST credit. However, if the seller fails to upload an invoice or makes ...
The IMS will ensure automatic reflection of invoices in relevant GST returns, allowing for real-time cross-verification of supplier data. The GST Council, in its upcoming meeting on December 21 ...