As we review the year 2024 let’s celebrate the milestones that shaped our journey and strengthened our resolve to lead in tax technology.

2024 was a year of bold strides, significant achievements, and an unwavering commitment to simplifying tax compliance for businesses in India and beyond. Each achievement highlights the relentless effort of our team and the trust of our clients, as we transformed challenges into opportunities.

🚀 Product Innovations

• IMS in IRIS GST Suite: IRIS is one of the first to seamlessly integrate the Invoice Management System (IMS) into our compliance suite! Aligned with the latest government mandate, this innovative solution is set to transform your GST compliance journey and maximize ITC efficiency.
• Revolutionizing Litigation Management with AI-Driven IRIS LMS: IRIS LMS sets a new standard in corporate tax management with advanced Generative AI and large language models. LMS is capable of analyzing notices and orders, generating comprehensive summaries that specifically highlight areas of discrepancy outlined there in. LMS not only streamlines litigation management processes but also ensures accuracy, efficiency, and compliance. As we continue to enhance this platform, IRIS LMS will be your trusted digital legal assistant, enabling smarter, faster decisions.
• Venturing into Direct Tax Litigation: Purpose-built to simplify direct tax litigation, this innovation automates complex processes empowering businesses to efficiently manage direct tax cases and avoid penalties, turning a daunting process into a seamless experience.
• AI Driven Reconciliation – Hotel and Airline: In 2024, IRIS redefined ITC management with its advanced AI-driven Reconciliation for Hotels & Airlines. This game-changing solution ensures flawless extraction, verification, and alignment of invoice data with booking records and GSTR 2B, resolving discrepancies, preventing excess ITC claims, and delivering unmatched efficiency in tax compliance.

🌎 Expanding Horizons with IRIS MyeInvois

This year marked a significant milestone as we introduced IRIS MyeInvois, our e-invoicing solution, to the Malaysian market. This strategic expansion highlights our commitment to delivering seamless compliance solutions to businesses globally.

We were a part of key corporate events in Kuala Lumpur, where Gautam Mahanti, Director at IRIS Regtech shared insights on Malaysia’s 2024 e-Invoicing mandate.

🎯Building Connections & Sharing Insights

IRIS hosted a series of expert-led webinars, empowering thousands of taxpayers and businesses. Our major highlight was an exclusive session with ‘Mrs. Nisha Gupta, Vice President & Additional Commissioner, GSTN’ where she shared her expertise on the Invoice Management System (IMS), further enriching the insights we offer to our audience.

This year, IRIS made a strong mark at top CFO and tax-technology events, sharing our expertise and innovative solutions. We connected with industry leaders and helped empowered businesses overcome complex challenges, reinforcing our commitment to driving change.

🤝Empowering the Community

At IRIS, we are committed to making it easier for our clients and the business community to navigate the evolving tax landscape. In 2024, we’ve gone the extra mile to support our clients and the community by consistently providing valuable insights through our powerful resources:

• IRIS GST Blog
• IRIS GST Times Monthly Newsletter
• Monthly GST Compliance Calendar
• Timely Mailers on GST Changes and Updates
• Simplifying GST Notifications and Circulars

🎉Looking Ahead at 2025

Looking ahead to 2025, IRIS is gearing up to deliver even more groundbreaking innovations to keep businesses and taxpayers at the forefront of compliance. With exciting updates on the horizon, we’re ready to make your journey smoother, smarter, and more efficient than ever before.

Thank you for being a part of our journey and stay tuned for what’s coming next…