New GSTN feature to correct mistakes in GST invoice matching process for claiming input tax credit; Know how it works

Input tax credit: The goods and services tax network (GSTN) has introduced a solution to help GST registered taxpayers into claiming the correct amount of input tax credit despite human error by the supplier in the invoice. GSTN said that the Invoice Management System (IMS) is still new so GST registered recipients may take some time getting used to this system.

from Tax-Wealth-Economic Times https://ift.tt/fO6RSP8