Making GST compliance simple: What govt plans to do and how it impacts biz

For many businesses offline matching of invoices is something they are familiar with. This was something they had dealt with under the VAT system in several states

The proposed move to shift matching of invoices from the Goods and Services Tax Network (GSTN) platform to the level of buyers and sellers could turn out to be a sugar-coated bitter pill for businesses. Businesses, big and small, will have to bear the onus of higher compliance of matching invoices offline before uploading these online.  In the current system, the GST Network takes over that workload.

Tax experts point out the move to shift invoice matching offline is akin to taking a step back for the GST Network. “The GST Council members are hoping that the reduction in complexity of