Notification No. 68/2019-Central Tax ,dt. 13-12-2019 The provisions of Manner of Issue of issuing Invoice as per Rule 48 has been amended to facilitate the issue of IRN with insertion of Sub Rule (4). Taxpayers with an annual turnover of Rs 100 Crores in a financial year does not issue an e-invoice, It will not […]
The Good and Services Tax (GST) Council proposes to introduce e-Invoicing for B2B (business to business transactions) from January 1, 2020. With its user-friendly mechanisms, e-Invoicing is expected to make GST compliance, return filing, reconciliation and also, getting tax credits simpler and trouble-free. This is good news, especially for small and medium size businesses which […]
There is a lot of confusion and the process of availing the restricted input tax credit in the industry. Keeping in view of all these, CBIC has issued Circular No. 123/42/2019– GST dated 11th Nov 2019 to clarify pointers regarding availing of the restricted input tax credit by the traders. Though the circular clarifies most of the points, there […]
