July 2025 marks eight years of GST - India's biggest tax reform - streamlining compliance, improving transparency, and creating a unified market. The 'One Nation, One Tax' model continues to ...

India may soon mandate the invoice management system for large transactions to curb tax evasion and enhance GST compliance. While it promises real-time tracking, experts caution about transition ...

Implemented in 2017, India’s GST system unified taxation and enhanced transparency. To verify a GST bill’s authenticity, consumers must check the GSTIN, invoice number and date, invoice value ...

Even in the pre-GST regime, fake invoices were a challenge for the tax authorities. Various agencies, including the income tax department and the CBIC now share data to detect mismatches and zero ...

The time limit for availing of input tax credit GST mandates availment of ITC pertaining to a financial year till 30 November of the subsequent year or the date of annual return, whichever is earlier.

This story is from August 20, 2023 Man arrested in 147cr GST invoice scam TNN / Aug 20, 2023, 08:10 IST AA Follow us ...

The Invoice Management System (IMS) represents a significant leap forward in India's GST compliance journey. IMS fundamentally reshapes tax reporting and compliance by prioritising accuracy ...

Representative Image Individuals may soon get rewarded for uploading GST invoice on a mobile app as the government is likely to launch the long awaited ’Mera Bill Mera Adhikar’ scheme soon.

Previously, the GST law had provisions for acceptance or rejection of invoices and credit notes, with corresponding impact on tax liability of taxpayers but, these were omitted with effect from ...