The Invoice Managing System (IMS) in GST offers several benefits to businesses, the tax system, and the government by ensuring better transparency, accuracy, and compliance. Here are the main ...

GSTR-9C is a reconciliation statement between the annual returns filed in GSTR-9 and the audited annual financial statements ...

India may soon mandate the invoice management system for large transactions to curb tax evasion and enhance GST compliance.

GSTR-9C is an annual reconciliation statement ... Hence, irrespective of the turnover, every registered person under GST is required to file GSTR-9. As per Section 44(2), GSTR-9C should be ...

The Government of India has issued a circular (Circular No. 246/03/2025-GST) clarifying the applicability of late fees for delays in filing the reconciliation statement in FORM GSTR-9C. The ...