This article explains the legal framework governing e-invoicing under GST, including turnover thresholds, IRN requirements and sector-wise exemptions. It also discusses the consequences of ...

The new Invoice Management System (IMS) will introduce real-time invoice matching and automated ITC verification under GST. Businesses will need stronger compliance systems and accurate invoice ...

The government has announced significant changes to the GST filing system, set to take effect in 2025. One of the key updates is the introduction of two-factor authentication (2FA) in the e-Invoice ...

The GST Network is preparing to implement e-invoicing for B2C transactions, with the design architecture nearly complete. A pilot project will be launched, initially targeting large retailers and ...

As many as 6.03 crore GST e-invoices were generated in December 2020, higher than 5.89 crore in November, according to an official release. The government had made it mandatory for businesses with ...

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 ...

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

The Directorate General of Foreign Trade (DGFT) is considering making GST E-Invoices mandatory for claiming deemed pharma export benefits under the Foreign Trade Policy (FTP). This proposal, aimed at ...