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INVOICE MATCHING
Six companies, six tricks in Indian balance sheets, and how investors get taken for a rideWhenever an Indian company imports goods, borrows in foreign currency, earns overseas revenue, or runs a foreign subsidiary, forex accounti...
GSTN launches offline Excel-based utility to boost Invoice Management System for greater accuracy in ITC claims; Here’s how it can helpGSTN has launched a new offline Excel utility for its Invoice Management System (IMS), aiming to boost accuracy in Input Tax Credit (ITC) c...
Inside ‘Lala Pad’: How ₹20 notes and WhatsApp kept Bengal’s coal mafia runningThe Enforcement Directorate has provisionally attached assets worth ₹159.51 crore in a West Bengal illegal coal mining and pilferage racket...
GST states quo won't do: Post-GST revenue divide widens across IndiaNew CAG data reveals states are diverging in fiscal health post-GST. Some states are effectively building revenue capacity, while others ar...
GSTN to launch invoice management system from Oct 1The GST Network will introduce the Invoice Management System (IMS) from October 1 to help taxpayers match their records with those issued b...
Firms with over Rs 5 cr annual turnover will soon have to generate GST e-invoices for B2B transactions: OfficialCBIC Chairman Vivek Johri said the GST Council, comprising finance ministers of the Centre and states, had decided to implement it in a pha...
Exporters facing GST refund issues as govt makes invoice matching compulsory for input tax creditThis situation is a result of the government waiving off late fees for companies and suppliers to upload certain forms under the goods and ...
Bring GSTR with invoice matching for all by January: Bengal FMBengal FM wrote that he had forewarned that giving up invoice matching would lead to widespread tax frauds and hawala transactions.
Key points for first ever filing of GST Annual returnsThe government has introduced different types of annual return keeping in mind the various categories of taxpayers.
CII seeks easier GST compliance procedures in BudgetAccording to CII, simplification of GST compliances would result in higher number of returns filed, increased collection of revenues, and e...
Govt may review monthly GST return filing processThe review follows businesses complaining problems in matching invoices while filing July returns.
Government extends GSTR-2 & GSTR-3 to Nov 30 and Dec 11GSTR-2 is the most important return for GST compliance since availability of ITC depends on it. However, the ecosystem needs some more stab...
Even kirana shops will find it hard to evade taxes nowThere may be other ways to evade GST, such as by splitting transactions to stay below the Rs 20-lakh threshold for registration, but that m...
GST view: Don't link input credit to tax payment by supplierInvoice matching can effectively avoid fraud claims. So why does the GST insist on linking input credit to the payment of tax by the suppli...
Preparing for GST: For SMEs this can be a good starting pointGST is still complicated for many businesses. Most SMEs have heard big promises that this legislation will bring in, but business implicati...
World will toe GST invoice matching, says Deloitte's David Raistrick“India is the only country that is doing it (invoice-to-invoice matching). This is unique...People will have to comply or they will fall ou...
- Barclays launches 'Easy Cash Management Solution'
Global banking major, Barclays on Wednesday announced the launch of 'Easy Cash Management Solution' in India, a service that would enable c...