GST Invoice System Faces Backlash Over Compliance Burdens

The government created a new system to track every business invoice called the Invoice Management System (IMS) to make sure everyone pays their taxes correctly.

However, it's become a big headache.

Businesses, especially smaller ones, find it hard to keep up because they need to match invoices in real-time, which is time-consuming and expensive.

There is a concern about the possibility of being taxed twice, both by the GST and income tax authorities, for the same error.

Experts suggest making things easier, such as giving more time to fix mistakes and combining different tax systems into one.

Many business owners have called for relief, because the new rules have resulted in more work, cost and stress.