GST’s grand invoice vision faces real-world reconciliation hurdles

Published in CNBCTV-18 | May 2025

The newly introduced Invoice Management System under GST aims to streamline compliance but has created operational challenges, particularly for small and mid-sized businesses facing tight reconciliation timelines and dual scrutiny.

Neha Shrivastava, Associate Partner, Indirect Tax, shared her insights, highlighting the need for a shift towards facilitative compliance. She advocates for a calibrated approach—integrated systems, extended timelines, and smart alerts—to ease the burden on genuine taxpayers.

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