Big Brother watching: Optional GST invoice reconciliation to be made mandatory
India may soon mandate the invoice management system for large transactions to curb tax evasion and enhance GST compliance.
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Invoice Management System under GST: The true enabler for accurate Input Tax Credit claims
The Invoice Management System (IMS) represents a significant leap forward in India's GST compliance journey. IMS fundamentally reshapes tax reporting and compliance by prioritising accuracy ...
Conventus Law23h
India – GST Liability On The Benefits Arising Out Of Land: The Conundrum Continues.
While the GST framework seeks to tax the supply of goods and services, transactions involving land and immovable property ...
Tax Guru24y
Decoding Reverse Charge Mechanism (RCM) Under GST
The GST rates mentioned are subject to change as per the latest notifications issued by the government. For certain services like GTA, the recipient has the option to pay GST at 12% with full Input ...
Technology is a vital enabler to automate complex processes in GST: Yashraj Vakil, CaptainBiz
By digitizing India’s MSMEs, CaptainBiz CEO Yashraj Vakil says it is simplifying GST compliance and inventory management with ...
Indiatimes1mon
Call for enhanced invoice mgmt system in GST portal
Indore: The body of tax professionals has urged the govt to make the newly introduced Invoice Management System (IMS) in the Goods and Services Tax portal more user-friendly. They suggest allowing ...
Business Insider India5y
One arrested for issuing fake invoices worth Rs 268 cr to claim tax benefit under GST
New Delhi, Feb 13 () The GST intelligence unit of Gurugram has arrested a resident of Sonepat for allegedly issuing bogus invoices to the tune of Rs 268.3 crore for claiming input tax credit ...