After years of delay, the Centre is aiming to set up the GST Appellate Tribunals (GSTATs) across the country. Even five years after the GST rollout, the country is still awaiting an appellate body to resolve tax disputes.
IRIS has been conferred the Jury Award - ‘Best Tax Technology Service Provider 2022’ in the category National Taxation Awards – at the prestigious TIOL Awards.
Lenders find that GST Data is helpful for making SME Loan decisions. GST data is now becoming a deciding factor for a corporate borrower’s cash flow position & identifying credit-worthiness.
E-invoicing System Changes will have a huge impact on businesses. B2B invoices will have to be registered with the IRP portal which means adaptability to digitization.
To support a smooth e-invoicing implementation throughout the country, the government is increasing the number of e-invoice generation portals, officially known as the invoice generation portal (IRP).