GST at 9: Easier Filing, Harder Compliance as Burden Shifts to Reconciliation
Nine years into GST, return filing has simplified but the real compliance load has migrated to invoice matching, reconciliation and notice responses. The new Invoice Management System adds control at added cost, widening the gap between large retailers and MSMEs.
Nine years into GST, return filing is easier but compliance burden has shifted to invoice matching, reconciliation and responding to notices. IMS adds control but new costs, widening the compliance gap between large enterprises and MSMEs relevant to Indian retailers.