New invoice system in works to curb automated notices
The CBIC is developing an advanced invoice management system to prevent automatic GST mismatch notices, aiming to reduce unnecessary litigation. This initiative seeks to allow taxpayers to rectify discrepancies in GST forms directly on the portal, potentially stopping around 200,000 notices annually. The new system, expected in 2-3 months, addresses industry concerns about time-consuming mismatch reconciliations.
New Delhi: The Central Board of Indirect taxes and Customs (CBIC) is working on a new advanced invoice management system that will prevent system-generated notices being sent automatically to taxpayers for mismatch in the goods and services tax (GST) returns.
The idea is to cut down on unnecessary litigation and allow taxpayers to fix discrepancies in disclosures and details between various GST forms directly on the portal, officials said.
