Input Tax Credit (ITC) has long been a complex terrain for businesses navigating the intricate world of Goods and Services Tax (GST). For enterprises, an accurate input tax credit claim is not just 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 System ...

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, is ...

NEW DELHI: An optional, online system to reconcile transaction details for availing GST credit may soon be made mandatory, according to two persons aware of the development. The invoice management ...

https://www.thehindubusinessline.com/economy/invoice-management-system-may-add-compliance-for-gst-assesses-say-tax-experts/article68775504.ece Copy The effort to ...

Businesses will have to quickly get prepared for the new invoice management system under the goods and services tax that will be introduced from October 1. The new functionality will help taxpayers ...

MUMBAI: The officers of the Thane Central Goods and Service Tax (CGST) Commissionerate, under the CGST Mumbai Zone, busted a fake GST invoice racket involving fraudulent transactions worth ₹140 crore ...

The Goods and Services Tax (GST) in India is an indirect tax that has replaced many previous indirect taxes such as excise duty, VAT, and service tax. GST is levied on the supply of goods and services ...