India may soon mandate the invoice management system for large transactions to curb tax evasion and enhance GST compliance. While it promises real-time tracking, experts caution about transition ...
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Invoice Management System under GST: The true enabler for accurate Input Tax Credit claimsThe 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 ...
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 ...
While the GST framework seeks to tax the supply of goods and services, transactions involving land and immovable property present unique challenges due to their distinct legal nature. Schedule III of ...
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 ...
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By digitizing India’s MSMEs, CaptainBiz CEO Yashraj Vakil says it is simplifying GST compliance and inventory management with ...
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