Hosted on MSN

Stricter GST E-Invoicing Rules: Businesses Beyond INR 10 Crore Face 30-Day Deadline

Starting April 1, 2025, businesses with an Annual Aggregate Turnover (AATO) of INR 10 crore or more must upload GST e-invoices to the Invoice Registration Portal (IRP) within 30 days of issuance.
Tax Guru

GST FY 2026–27 Compliance Checklist: 10 Key Actions for Businesses

Eligible businesses must opt for the composition scheme before 31 March 2026. Missing the deadline makes them ineligible for ...
moneycontrol.com

GST Council likely to approve rules for Invoice Management System to tackle fake invoicing, tax evasion

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 ...
Business Today

Invoice Management System under GST: The true enabler for accurate Input Tax Credit claims

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 New Indian Express

VIEW| New GST Invoice Management System: A step forward or backward?

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 ...
Mint

Big Brother watching: Optional GST invoice reconciliation to be made mandatory

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 system or IMS ...
NDTV

Invoice Gst Bill

A former employee of a private firm in Noida has been arrested for allegedly generating fake invoices of around Rs 10 crore to fraudulently claim input tax credit of Rs 1.8 crore, police said on ...