There is no legal restriction on the time of issuing a credit note; however, it must be reported in GST returns within a specified period, typically by November 30 of the following financial year or ...

March 2025 is crucial for GST compliance, requiring businesses to complete 16 key actions. These include reconciling outward ...

The government is gearing up to introduce the Invoice Management System (IMS) under the GST framework, aiming to enhance tax ...

The Input Service Distribution (ISD) mechanism will enable businesses with branches in multiple states to consolidate ...

The government is introducing the Input Service Distributor (ISD) system from April 1, 2025, to improve tax collection on ...

The India SME Forum has recommended a phased IMS implementation similar to the e-invoicing transition, with a ...

Nishant Patnaik, Associate Editor, Cafemutual gave invaluable insights on GST compliance for MFDs at the recently concluded Cafemutual Ideas Fest (CIF) 2025.

DGFT proposes mandatory GST E-Invoices for pharma export benefits: Shardul Nautiyal, Mumbai Thursday, March 27, 2025, 08:00 Hrs [IST] The Directorate General of Foreign Trade (DGF ...

The Parliamentary panel also shared that “significant challenges faced by taxpayers under the GST framework, particularly ...

DGGI arrests GST consultant in Vijayawada for ₹42.73 crore bogus invoice scam resulting in ₹6.51 crore tax evasion.