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GST compliance may tighten for businesses paying for overseas software, cloud and consulting services

GST compliance may tighten for businesses paying for overseas software, cloud and consulting services

RSS excerpt

The GST Council has proposed expanding e-invoicing to imported services and purchases from unregistered suppliers under the reverse charge mechanism for businesses with an annual turnover of ₹5 crore or more. A return correction mechanism is also proposed from April 2027.

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