Monthly Archives: September 2024

Advisory on Reporting of supplies to un-registered dealers in GSTR1/GSTR 5

By | September 5, 2024

Advisory on Reporting of supplies to un-registered dealers in GSTR1/GSTR 5 Sep 3rd, 2024 Vide Notification No. 12/2024 – Central Tax dated 10th July, 2024, the Government has reduced the threshold limit for reporting of invoice wise details of inter-state taxable outward supplies made to unregistered dealers from 2.5 Lakh to 1 Lakh which needs to be… Read More »

Category: GST

Invoice Management System n GST for Availing ITC

By | September 3, 2024

Invoice Management System Sep 3rd, 2024 To enable taxpayers to efficiently address invoice corrections/amendments with their suppliers through the portal, a new communication process called the Invoice Management System (IMS) is being brought up at portal. This will also facilitate taxpayer in matching of their records/invoices vis a vis issued by their suppliers for availing the correct… Read More »