Blog Details

29 Nov 2024

Invoice Management System (IMS): Streamlining ITC Claims Through Automated Invoice Processing

Starting from October 1st, 2024, taxpayers will have access to this new functionality on the GST portal – the Invoice Management System (IMS). The IMS is designed to simplify the Input Tax Credit (ITC) process by allowing recipient taxpayers to validate invoices issued by their suppliers, ensuring that only verified invoices become part of their form GSTR-2B.

29 Nov 2024

invoice management system (ims): streamlining itc claims through automated invoice processing

Starting from October 1st, 2024, taxpayers will have access to this new functionality on the GST p....

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29 Nov 2024

supplier view in ims: supplier role, addressing common errors, invoice rejections affect supplier liability

The Invoice Management System (IMS) has been a pivotal tool under the GST framework, aiding taxpay....

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28 Nov 2024

gst compliance calendar – december 2024

December in India marks the chill of winter and vibrant Christmas celebrations. For businesses, it....

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