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 Goods and Services Tax (GST) framework in India has undergone several changes since its inception in 2017. One of the ...

Need for new softwares As the new Invoice Management System (IMS) rolls out ... from the various new functionalities and compliance requirements introduced by IMS, which existing accounting ...

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 ...