IRD CBMS Compliance in Billtize: Enable and Sync Invoices
CBMS is not a filing portal. It is a monitoring system: the IRD keeps a copy of the sales documents you issue, so the turnover you declare can be compared with the invoices that actually exist. Your VAT return and Annex 13 still come from your own books, which is why the invoice and the register have to agree. The obligation is tied to turnover and VAT registration rather than to the software you use. The trigger most businesses cite is annual turnover above NPR 10 crore, and the scope has been
Read Article By Papu Yadav