GST compliance has changed significantly in recent months. The introduction of the Invoice Management System (IMS), revised ITC rules, and improved transparency tools are key updates. These changes simplify tax reporting, reduce mismatches, and enhance accuracy.
To stay compliant, businesses must track these updates carefully. Adjusting to IMS, monitoring GSTR-2B, and following new ITC rules will prevent penalties. Regular updates help businesses manage taxes efficiently and avoid errors.
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Published on: January 30, 2025