The building of capacity by adding 4 new private IRPs by the Govt should help taxpayers make this transition,” Mahanti said.”There is also an implication for large anchor clients who procure from the smaller taxpayers as they will have to ensure that sellers generate e-invoices so that they can avail Input Tax Credit (ITC),” he added.
Source: newindianexpress.com
Latest Posts in "India"
- GST 2.0 Boosts Bengal’s Economy with Rate Cuts on Local Goods and Industries
- Finance Minister Addresses GST Transition Concerns, Outlines Measures for Smooth Implementation
- Rajasthan HC Rules Principal-to-Principal Service Contracts as Export, Not Intermediary, Under GST
- CBAM Compliance Guide for Indian Exporters: 2025–26 Edition
- Government Scrutinizes E-commerce for Ignoring CST Rate Cuts, Investigates 3,000 Consumer Complaints
