Invoice management system (IMS) under GST Recognising these persistent challenges, the Government has introduced the Invoice Management System (IMS) as a transformational solution for GST invoice ...
Recognising these persistent challenges, the Government has introduced the Invoice Management System (IMS) as a transformational solution for GST invoice compliance. This new feature represents a ...
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 ...
However, if the seller fails to upload an invoice or makes any error, the buyer’s GST credit gets blocked until this is rectified. This can create working capital management issues, but a ...