Invoice 2024-07. The goods and services tax (gst) is launching a new invoice management system (ims) on the gst portal, effective from october 1, 2024, to help taxpayers manage invoice corrections and ensure accurate input tax. Businesses must issue invoices for sales or services valued at p500 or more, with adjustments for inflation every three.
On june 13, the bir released revenue regulations (rr) no. Businesses must issue invoices for sales or services valued at p500 or more, with adjustments for inflation every three.