Invoice Management System may add compliance for GST assesses, say tax experts

The effort to enhance Input Tax Credit (ITC) ecosystem through Invoice Management System (IMS) may add additional layer of compliance to GST assesses, tax experts have said. According to GST portal, this new system intends to facilitate taxpayers in matching their records/invoices vis-à-visissued by their suppliers for availing the correct ITC. Taxpayers can now make use of this facility to…