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Title: Invoice Management System being introduced for GST in India

Presenters: Harsh Sankhlecha, DP Nagendra Kumar, and Shrenik Shah
Date: 19 August 2025, 2:00 PM – 3:00 PM SGT 

Invoice Management System has been rolled out on the Government GST portal and is expected to be made mandatory by end of 2025.  This is a revolutionary invoice acceptance and matching mechanism which will enable tax officers as well as taxpayers (suppliers and recipients) to view the purchase registers, input credit registers and tax compliances on the GST portal itself.  IMS warrants that a recipient takes any one of the following options on an invoice / debit note - accept/ reject/ pending. For credit notes however, the options are only to accept/ reject as of now. Basis the recipient’s action, the tax liability of the supplier as well as the credit availability for the recipient gets determined. 

This is not just a tax compliance, but it would overhaul the AP/ AR functions as the suppliers get real time visibility to the recipient’s action For e.g., if a recipient has rejected a valid invoice, it indicates that the invoice will not be paid.

Title: General Anti Avoidance rules (GAAR) – Recent issues and trends

Presenters: Amrish Shah, Anita Nair, Amit Dhoot, Li Mei Liew, Le Roux Roelofse, and Sheldon Tiancheng Zheng
Date: 29 July 2025, 2:00 PM – 3:00 PM SGT (GMT +8)

Prior to introduction of statutory General Anti-avoidance rules (GAAR), judicial anti-avoidance rules (‘JAAR’) existed in the form of the doctrine of ‘substance over form’. Statutory GAAR was then introduced in various APAC jurisdictions to codify and build on the principles laid down by JAAR and to discourage tax-motivated arrangements.

From an Indian perspective, GAAR is gaining increasing importance. While instances of revenue authorities invoking GAAR were previously not very common, there is now a noticeable shift in this trend owing to the formation of a GAAR panel and GAAR reporting in the Tax audit report etc.It therefore becomes even more imperative to evaluate transactions Suo motu through a GAAR lens to ensure that business rationale and commercial substance are the key drivers of any transaction.

The findings of a relatively recent Indian High Court ruling on GAAR unravels interesting insights that are noteworthy and trigger a discussion around the recent issues and trends on GAAR.

In the upcoming Dbriefs webcast, our tax and legal experts will share experiences on GAAR, covering India and other select APAC jurisdictions as well as South Africa (given that Indian GAAR was modelled on South African GAAR).

Upcoming webcasts on Financial Services Industry will be updated soon.