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Invoice Management System has been rolled out on the Government GST portal and is expected to be made mandatory by end of 2025. This is a revolutionary invoice acceptance and matching mechanism which will enable tax officers as well as taxpayers (suppliers and recipients) to view the purchase registers, input credit registers and tax compliances on the GST portal itself.This is not just a tax compliance, but it would overhaul the AP/ AR functions as the suppliers get real time visibility to the recipient’s action for e.g., if a recipient has rejected a valid invoice, it indicates that the invoice will not be paid.(Live Presentation was aired on 19 Aug 2025)
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By Deloitte Dbriefs Asia PacificInvoice Management System has been rolled out on the Government GST portal and is expected to be made mandatory by end of 2025. This is a revolutionary invoice acceptance and matching mechanism which will enable tax officers as well as taxpayers (suppliers and recipients) to view the purchase registers, input credit registers and tax compliances on the GST portal itself.This is not just a tax compliance, but it would overhaul the AP/ AR functions as the suppliers get real time visibility to the recipient’s action for e.g., if a recipient has rejected a valid invoice, it indicates that the invoice will not be paid.(Live Presentation was aired on 19 Aug 2025)
Click the icon below to watch.