- Invoice management system introduced for GST in India
- Expected to be mandatory by end of 2025
- Allows tax officers and taxpayers to view purchase registers and tax compliances on GST portal
- Recipients must choose to accept, reject, or mark as pending for invoices or debit notes
- Only accept or reject options available for credit notes
- Supplier tax liability and recipient credit availability depend on recipient’s action
- Overhauls accounts payable and receivable functions with real-time visibility
- Live webcast scheduled for 19 August 2025 at 2 p.m. Singapore Standard Time
Source: taxathand.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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