In a renewed crackdown on tax evasion ... shown higher vulnerability to invoice manipulation. The IT department flagged several companies availing ITC under GST norms using fake invoices issued ...

It seeks to resolve the issue of businesses not getting tax credits because of either the seller not uploading the invoice in the GST portal or entering wrong details. “IMS will be made ...

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 ...

Over the past one-and-a-half months, CGST Calcutta has identified instances where around 1,000 firms — mostly non-existent and shell companies — have raised fake invoices claiming GST credit of around ...

Tay also created a column for GST in each template, and inserted formulas for calculating the tax. Template invoices he created were later used to forge at least 319 sales invoices purportedly ...

The Goods and Services Tax Network has introduced the Invoice Management System (IMS) on the GST portal, effective October 1, 2024. This new feature is designed to assist GST-registered taxpayers ...

GST rules: The Goods and ... must create an electronic invoice (e-invoice) and post it on the IRP portal for the buyer to utilize for input tax credit. Upon uploading the invoice, an invoice ...

As per normal procedure, after an e-invoice is uploaded, the GSTN portal automatically informs the taxpayer if any GST is ...

The effort to enhance Input Tax Credit (ITC) ecosystem through Invoice Management System (IMS) may add additional layer of compliance to GST assesses, tax experts have said. According to GST ...

(Reuters) 54th GST Council Meet Live, Tax Announcements Live Updates: The 54th GST Council Meeting, chaired by Union Finance Minister Nirmala Sitharaman has ended. Finance Minister in her address ...