The Goods and Services Tax Network (GSTN) has introduced a new feature where suppliers can see whether the buyer has accepted ...

The new Invoice Management System (IMS) in the GST portal is designed to significantly reduce Input Tax Credit (ITC) discrepancies and associated litigation risks. Set to launch on November 14, 2024, ...

The Government of India has introduced the Supplier View functionality within the Invoice Management System (IMS) on the GST Portal as of November 13, 2024. This feature allows suppliers to view the ...

Arjuna: Krishna, I heard there’s a new Invoice Management System (IMS) on the GST portal ... you initially reject Supplier B’s invoice of ₹50,000 plus 18% GST, but later realize it’s valid. You can ...

From a legacy supplier portal to the SAP Business Network The next move ... Real-time tracking of invoices and POs is always a good thing: Suppliers can check the status of the invoices, because ...

You can apply for, or renew a business licence in person at the Licensing & Bylaw Enforcement offices, located at 395 Main St. during regular business hours, 8:30 a.m. to 4:30 p.m., Monday to Friday ...

proof of purchase including copy of paid tax invoice(s), receipts ... The Equipment Supplier then has 120 days to finalise sale, deliver/install equipment, and lodge the claim for rebate evidence via ...

Getty Images Specified Sellers or suppliers must upload invoice in 30 days else no input tax credit for buyers. "From 1st April 2025, taxpayers with an AATO of Rs 10 crore and above would not be ...

The regulation specifies that invoices must contain the following information: buyer’s name, date, address, item description, condition, quantity, price, delivery date, serial number, and the supplier ...

Previously, companies had a 14-day window to provide these invoices, which often led to complications and delays in record-keeping. El Baghdady explained that the new requirement allows businesses ...