💨 Abstract

The Federation of Indian Micro and Small & Medium Enterprises (FISME) has requested a 9-month extension for implementing the Invoice Management System (IMS) on the GST portal. The IMS aims to improve GST compliance, but it faces challenges due to insufficient time for implementation, particularly for large enterprises with complex invoice management processes, and concerns about its mandatory nature. FISME suggests a 9-month pilot period to address these issues.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖