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The IRISGST Times

Volume 85  |  January, 2025

What’s Inside

Dear Readers,
Welcome to the latest edition of our IRIS GST Times Newsletter!

The Union Budget 2025 is set to release on February 1, and it is highly anticipated for its focus on economic growth and reforms.

The new year began with multiple major GST updates in January. There were new GST Notifications that have also been released. We have published a few important articles related to new changes that will surely help you make your compliance smoother.

Here’s a glimpse of what’s inside this month’s edition:

  • Top GST News & Articles on Latest Updates in January 2025
  • Webinars and Events
  • IRIS GST Software – IMS Functional
  • Compliance Calendar for February 2025

Read on to discover the latest trends, decisions, and discussions shaping the GST regime in India this month.

Thank you for choosing to stay informed with us.
Happy Reading!

Warm Regards,
Meghana Pawar,
Editor, IRISGST Times

Latest GST Updates
Dive into the latest developments and essential updates in the GST realm by exploring our featured article: “Top GST News for the Month.” Stay informed and ahead of the curve with our curated insights and analyses.
Readers Choice of the Month
This month, the article that attracted the highest attention is The Year That Was: IRIS GST In 2024
Latest GST Financial News (1)
India’s net direct tax collection rose by 15.88% year-on-year, reaching approximately ₹16.90 lakh crore by January 12 this fiscal. Personal income tax contributed over ₹8.74 lakh crore, while corporate tax stood at around ₹7.68 lakh crore. The government aims to achieve a total direct tax revenue target of ₹22.07 lakh crore for this fiscal year.

GST Updates

Product Highlight

IMS Integration with IRIS GST Software offers Enhanced GST Compliance

IRIS is one of the first to integrate the recently launched Invoice Management System (IMS) into our compliance suite!

This cutting-edge addition, in alignment with the government’s latest mandate, is here to transform your GST compliance process and boost your ITC efficiency like never before.

How IMS Can Benefit You
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    Seamlessly sync your IMS invoices with your Purchase Register to stay ahead with GSTR-3B filings.
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    Easily reconcile IMS invoices, allowing you to make timely and informed decisions on supplier invoices.
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    Perform bulk actions on invoices based on your reconciliation, utilizing custom filters and categories for precision.
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    Gain clear insights into your reconciliation progress with a detailed comparative summary.
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    Repeat these steps as often as needed to ensure accuracy before filing your GSTR-3B.
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    Communicate directly with suppliers regarding IMS invoices with just a click.

GST Compliance Calendar

A comprehensive GST Compliance Calendar, curated for you to aid in adhering to GST regulations. It includes all the GST due dates for February 2024.

Click here to read: GST Due Dates- February 2025 Calendar

By Swati Ajmera

February GST Due Dates

We hope you enjoyed reading this issue of IRIS GST Times and found it informative!
Do write back to us and let us know what was a hit or miss for you.
Our email id : support@irisgst.com

We welcome and value every feedback, be it via comments, replies on Social platforms or emails.
Thank you for appreciating our efforts and staying connected.

CONTACT US

Have feedback for us?  Want to request for our product demos? Please reach out to us at

Website :  https://irisgst.com/

Phone :  +91 22 6723 1000

Email :  support@irisgst.com

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