Input Tax Credit (ITC) has long been a complex terrain for businesses navigating the intricate world of Goods and Services Tax (GST). For enterprises, an accurate input tax credit claim is not just a ...

Invoice management is the process of receiving, validating, approving, and paying invoices and functions as the backbone of an organization’s accounts payable (AP) process. For SMBs, poor invoice ...

Invoices keep businesses running, but managing them is rarely as simple as it should be. Payments get delayed, approvals stall, and finance teams spend more time fixing errors than focusing on ...

The Goods and Services Tax Network (GSTN) recently announced a new feature in the Invoice Management System (IMS) on the GST portal. This allows taxpayers to mark credit notes as "Pending" for one tax ...

Now businesses can make entries about imports in the Invoice Management System (IMS) under GST. According to the tax department, this will enhance the convenience of a GST assessee. “A new section for ...