GSTR 1A, introduced by the 53rd GST Council meeting, allows post-GSTR 1 amendments, streamlining compliance but posing challenges for ITC management by recipients, requiring businesses to adapt efficiently.
This blog post delves into the pivotal role of automation in refining Accounts Payable processes and ITC reconciliation. It highlights how leveraging tools like IRIS ASAP not only streamlines operations but also ensures compliance and nurtures supplier relationships, paving the way for heightened business efficiency.
As anticipation mounts over the announcement of the 2024 General Election schedule, stakeholders await clarity on the convening of the next GST Council meeting.
Automated invoice processing streamlines the accounts payable processes by seamlessly inputting invoice data into the company’s ERP or accounts payable system.
Read the potential of harnessing real-time GST data to optimize lending strategies, benefits of GST data for lending, and how it facilitates more informed decisions and fosters economic growth.
GST annual returns, taxpayers have been facing certain issues while filling form GSTR 9 and GSTR 9C.
Invoice Verification in Lending Process: Read about the various data sets which can be useful typically from an invoice verification angle.
Rule 46 (b) of the CGST Rules 2017 suggests that any tax invoice should have a 16 character alpha-numeric invoice number unique for a financial year.
An ISD assures that the common expenditure and billings shared between an organization’s branches/sub-units is centralized.
It has been one year since GST rollout. In the coming year, changes in the GST return filing process can be expected which aim to simplify the existing process.
The validations are categorized in 4 major buckets for better understanding. Here are the rules for e-invoicing that you must take care in order to avoid errors. Read more...
‘Input Distributor Officer’ is one of the most crucial concepts in the Indian economy, especially for the big players in the market.
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