In an effort to enhance input tax credit (ITC) ecosystem, an assessee will be able to use Invoice Management System (IMS) from October 1. This system will allow the recipient taxpayers to either ...

Invoices keep businesses running, but managing them is rarely as simple as it should be. Payments get delayed, approvals stall, and finance teams spend more time fixing errors than focusing on ...

Invoice management is the process of receiving, validating, approving, and paying invoices and functions as the backbone of an organization’s accounts payable (AP) process. For SMBs, poor invoice ...

The GST Network will introduce the Invoice Management System (IMS), which will assist taxpayers in matching their records and invoices with those issued by their suppliers to ensure they claim the ...

Businesses will have to quickly get prepared for the new invoice management system under the goods and services tax that will be introduced from October 1. The new functionality will help taxpayers ...

Input Tax Credit (ITC) has long been a complex terrain for businesses navigating the intricate world of Goods and Services Tax (GST). For enterprises, an accurate input tax credit claim is not just a ...

Automated invoice management has opened the door to a new way of thinking about freight payment. Gone are the rows of clerks processing and auditing freight bills by hand. Automation relieves the ...