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What’s the big change? Scrapping the 12% and 28% GST slabs is the government’s latest GST news and move most items into two main rates: 5% and 18%, while keeping a higher rate for a small list of luxury/sin goods.…
In the ever-evolving landscape of India’s Goods and Services Tax (GST) system, the introduction of the e-Way Bill has significantly streamlined the movement of goods. It has made compliance easier for both businesses and authorities. Let’s dive into a comprehensive…
The Goods and Services Tax Network (GSTN) has announced crucial updates to the E-Way Bill and E-Invoice systems, set to roll out on January 1st, 2025. These updates aim to improve security, streamline processes, and ensure better compliance with government…
Introduction The GST Council recently introduced the Invoice Management System (IMS) on the GST portal, starting from 1st October,2024 marking a major enhancement in the ITC Ecosystem of GST, enabling taxpayers to efficiently address invoice corrections/amendments with their suppliers through…