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 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 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 ...

"So the buyer can't claim this invoice and its tax credit if the invoice is not in the proper format as per GST law. As a buyer he may have no idea whether the invoices sent by the sellers are ...

Over the past one-and-a-half months, CGST Calcutta has identified instances where around 1,000 firms — mostly non-existent and shell companies — have raised fake invoices claiming GST credit of around ...

The IMS system is a facility on the GST portal,effective from 1 October 2024. Under this system the supply-recipient is required to either accept or reject an invoice and credit note and has the ...

The federal government’s plan to temporarily stop collection of the goods and services tax (GST) on some consumer products is causing some big holiday headaches for Canada’s small business owners.

The GST Council waived taxes on cancer gene therapy and reduced levies on fortified rice kernels. Decisions on ATF inclusion, insurance rates, and food delivery services were deferred. Used cars ...

Or sign-in if you have an account. OTTAWA — The government’s proposed two-month GST/HST holiday was adopted in the House of Commons on Thursday despite opposition from Conservatives and the ...

Aiden Markram will lead the Proteas in his absence. In their last bilateral face-off in the 50-over format, Pakistan won the three-match series 2-1 in South Africa in April 2021. South Africa ...

with sources saying Thursday that no agreement has been reached on a proposed "hybrid" format allowing India to play their matches outside host nation Pakistan. The nuclear-armed neighbours have ...