Invoice Management System under GST: The true enabler for accurate Input Tax Credit claims
For enterprises, an accurate input tax credit claim is not just a regulatory requirement but a critical financial imperative ...
Business Insider India3y
Here’s how to avail GST credit if your supplier has not uploaded invoices
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 ...
moneycontrol.com8d
GST Council likely to approve rules for Invoice Management System to tackle fake invoicing, tax evasion
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 ...
Business Today6d
Invoice Management System under GST: The true enabler for accurate Input Tax Credit claims
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 ...