MSMEs fear ₹1.5 lakh annual burden as India rolls out new GST Invoice Management System

The government is all set to roll out the newly proposed and designed Invoice Management System (IMS) under the Goods and Services Tax (GST) framework, but the industry, especially the MSME (Micro, Small and Medium Enterprises), doesn’t seem to be excited enough. Rather, they fear that the new system would mean a huge compliance burden, and this could lead to an additional cost for them, making it…