November 6, 2024

What is an Invoice Management System (IMS)?An Invoice Management System (IMS) in the GST framework allows recipients to manage invoices submitted by suppliers in their GSTR-1, GSTR-1A, or IFF filings. Using IMS, recipients can review the invoices and choose to accept, reject, or keep them pending to ensure accurate Input Tax Credit (ITC) claims. This

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November 6, 2024

October 14, 2024, marks a significant turning point for businesses under GST. The introduction of the Invoice Management System (IMS) is intended to change how companies manage their GST invoices and Input Tax Credit (ITC) claims. In this blog, we will dive into the latest updates regarding the IMS, analyze its essential features, and discuss how

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