GST Invoice

E-invoice under GST Regime

Goods and Services Tax - Introduction: We are now in the era where technology shall be leveraged by the tax administrators to check evasion. Adoption of a E-invoicing, dynamic QR code is a step in that direction.it was a good initiative toward better governance, accountability and transparency. To ensure that businesses get enough time to adapt to the new system ...

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Changes In Mandatory E-Invoicing in GST

Goods and Services Tax - In order to streamline the invoicing system in GST regime, CBIC has introduced the system of e-invoicing and has made it mandatory for taxpayers in phases. E-invoicing implies that registered taxpayers are required to generate and issue invoices electronically online known as e-invoicing. Under the electronic invoicing system, an identifi...

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E- Invoice under GST

Goods and Services Tax - E-Invoice or electronic Invoice is a system in which B2B/ Credit Note/ Debit Note & Exports Invoices are authenticated electronically by GSTIN portal. Said Invoices are transmitted to GSTIN portal & an Identification Number will be issued against the Invoice which is known as 'Invoice Reference Number' or 'IRN' Number....

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What to exclude From the turnover for E- Invoicing? Can anyone opt for E- Invoicing Voluntarily?

Goods and Services Tax - Rule 48(4) of CGST Rules 2017 notifies certain class of suppliers who are required to undertake E-Invoicing procedure for issuance of a tax invoice. This rule was inserted w.e.f. 13.12.2019 vide Notification No. 68/2019 dt: 13.12.2019....

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FAQs on e-Invoicing under GST

Goods and Services Tax - How do I know whether I am suppose to register invoices? Ans. You can visit e-Invoice portal to check whether you have been enabled to register invoices based on the filings of previous years....

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e-Invoice services not available for GST taxpayers of Few States today

Goods and Services Tax - There is a maintenance work being scheduled on the e-Invoice System on 5th June 2022 between 9pm and 10pm. During this interval, the e-Invoice services will not be available for the GST taxpayers of the following states ONLY. State Code State Name State Code State Name 9 UTTAR PRADESH 16 TRIPURA 10 BIHAR 17 MEGHALAYA […]...

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2- Factor Authentication for e-Way Bill and eInvoice System

Goods and Services Tax - To enhance the security of the e-Way Bill/e-Invoice System, NIC is introducing 2-Factor Authentication for logging in to the e-Way Bill/e-Invoice system. In addition to username and password, OTP will also be authenticated for login. There are 3 different ways of receiving the OTP. You may enter any of the OTP and login to system. [&helli...

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Threshold turnover of e-invoice under GST reduced

Goods and Services Tax - With the recent amendment made vide Notification No. 01/2022 – Central Tax dated 24-02-2022, more taxpayers will come under the ambit of compulsory issuance of e-invoice, as the threshold limit of turnover is being reduced to 20 Crores w.e.f 1st April 2022. The mechanism of e-invoicing was introduced in the year 2020 wherein the taxpaye...

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Tax payers with turnover between Rs. 20 Cr to Rs. 50 Cr enabled for testing on Sandbox

Goods and Services Tax - Tax payers with turnover between Rs. 20 Cr and Rs. 50 Cr are enabled for testing on Sandbox As per the notification No. 01/2022-Central Tax Dated :24-02-2022, e-Invoicing is mandatory for the taxpayers with annual turnover more than Rs.20 crores from 1st April 2022. The taxpayer can check his eligibility of e-Invoicing at Option Search [&...

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Attention Users : E-Way Bill & E-Invoice Downtime

Goods and Services Tax - ATTENTION USERS : E-WAY BILL & E-INVOICE DOWNTIME This is to inform to all E Way Bill & E Invoice users that downtime of all the E Way Bill & E Invoice operations (for all modes – Web, API, Bulk, Mobile & SMS) is scheduled between 11:00 PM on 2nd October 2021 to 7:00 AM […]...

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HC allows Anticipatory Bail in alleged GST evasion of Rs.100 Cr

Nitin Verma Vs State of U.P. (Allahabad High Court) - Where the implication of a person was for a non-bailable offence, he could apply for anticipatory bail. If the applicant cooperated with the inquiry, there was no requirement of his arrest. Assessee was having his own address of residence and business. He could give surety ensuring his appearance. T...

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Fake ITC: HC modifies Bail Conditions considering COVID-19

A. Mohideen Vs The Senior Intelligence Officer (Madras High Court) - HC modify Conditions of Bail considering the inability of accused to comply with same due to COVID-19....

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HC denies Anticipatory Bail for evading GST by not Raising Tax Invoices

Smt. Jecintha Pillaivs Vs State of Telangana (Telangana High Court) - It is apparent that the petitioners are not cooperating with the investigation. The petitioners preferred the present petition on assumptions and presumptions with a view to avoid the statutory proceedings. The nature of financial frauds is complex in nature and requires examining several evidences ...

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Proceeding against issue of Fake Invoice to illegally avail ITC not hit by Limitation under Section 6(2)(1)(b) of CGST Act 2017

Dadhichi Iron And Steel Pvt. Ltd. Vs Chhattisgarh GST (Chhattisgarh High Court) - This Court does not find any substance in the arguments of the petitioner, when they say that the investigation and the proceedings now initiated is one, which hit by Section 6(2)(1)(b) of the CGST Act of 2017. What has also to be appreciated is the fact that there is a clear distinction between a p...

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HC grants Bail to Practicing Advocate allegedly involved in Fake GST Invoice Scam

Rajesh and another Vs State of Haryana (Punjab and Haryana HC) - It appears that petitioner Satnarain had rendered his professional services and assistance for the purpose of incorporation of the firms. At this stage, it cannot be said that he had joined hands with Rajesh Mittal or was beneficiary of any amount other than his professinal fee....

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E-invoice mandatory if Turnover exceeds ₹20 crores wef 01.04.2022

Notification No. 01/2022-Central Tax [G.S.R. 159(E)] - (24/02/2022) - GST: Revision of Limit of Aggregate Turnover For E-Invoice W.E.F. 01.04.2022 CBIC made E-invoice under GST mandatory for registered persons having aggregate turnover above ₹20 crore in any of the previous years from 2017-18 till 2021-22 with effect from 01st April, 2022. The existing limit of ₹5...

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Clarification on applicability of Dynamic QR Code on B2C invoices

Circular No. 165/21/2021-GST - (17/11/2021) - Doubt arises whether the relaxation from the requirement of dynamic QR code on the invoices would be available to such supplier, who receives payments from the recipient located outside India through RBI approved modes of payment, but not in foreign exchange....

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CBIC clarifies on issuance of debit note, physical copy of invoice & refund of unutilized ITC

Circular No. 160/16/2021-GST - (20/09/2021) - Whether carrying physical copy of invoice is compulsory during movement of goods in cases where suppliers have issued invoices in the manner prescribed under rule 48 (4) of the CGST Rules, 2017 (i.e. in cases of e-invoice)....

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Applicability of B2C dynamic QR code provisions extended to 30.09.2021

Notification No. 28/2021-Central Tax [G.S.R. 450(E)] - (30/06/2021) - CBIC vide Notification No 28/2021 dated 30.06.2021 extends applicability of B2C dynamic QR code provisions to 30.09.2021 instead of from July 1,2021. Ministry Of Finance (Department of Revenue) (Central Board Of Indirect Taxes And Customs) New Delhi Notification No. 28/2021-Central Tax | Dated: 30th...

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CBIC clarifies on Applicability of Dynamic QR Code on B2C invoices

Circular no. 156/12/2021-GST - (21/06/2021) - CBIC clarifies on applicability of Dynamic Quick Response (QR) Code on B2C (Registered person to Customer) invoices and compliance of notification 14/2020-Central Tax, dated 21st March, 2020 as amended vide Circular no. 156/12/2021-GST Dated 21st June, 2021. Circular no. 156/12/2021-GST CBEC-20/16/3...

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GST Invoice’s Popular Posts

Recent Posts in "GST Invoice"

E-invoice under GST Regime

Introduction: We are now in the era where technology shall be leveraged by the tax administrators to check evasion. Adoption of a E-invoicing, dynamic QR code is a step in that direction.it was a good initiative toward better governance, accountability and transparency. To ensure that businesses get enough time to adapt to the new system ...

Read More

e-Invoice services not available for GST taxpayers of Few States today

There is a maintenance work being scheduled on the e-Invoice System on 5th June 2022 between 9pm and 10pm. During this interval, the e-Invoice services will not be available for the GST taxpayers of the following states ONLY. State Code State Name State Code State Name 9 UTTAR PRADESH 16 TRIPURA 10 BIHAR 17 MEGHALAYA […]...

Read More

Changes In Mandatory E-Invoicing in GST

In order to streamline the invoicing system in GST regime, CBIC has introduced the system of e-invoicing and has made it mandatory for taxpayers in phases. E-invoicing implies that registered taxpayers are required to generate and issue invoices electronically online known as e-invoicing. Under the electronic invoicing system, an identifi...

Read More

E- Invoice under GST

E-Invoice or electronic Invoice is a system in which B2B/ Credit Note/ Debit Note & Exports Invoices are authenticated electronically by GSTIN portal. Said Invoices are transmitted to GSTIN portal & an Identification Number will be issued against the Invoice which is known as 'Invoice Reference Number' or 'IRN' Number....

Read More

What to exclude From the turnover for E- Invoicing? Can anyone opt for E- Invoicing Voluntarily?

Rule 48(4) of CGST Rules 2017 notifies certain class of suppliers who are required to undertake E-Invoicing procedure for issuance of a tax invoice. This rule was inserted w.e.f. 13.12.2019 vide Notification No. 68/2019 dt: 13.12.2019....

Read More

2- Factor Authentication for e-Way Bill and eInvoice System

To enhance the security of the e-Way Bill/e-Invoice System, NIC is introducing 2-Factor Authentication for logging in to the e-Way Bill/e-Invoice system. In addition to username and password, OTP will also be authenticated for login. There are 3 different ways of receiving the OTP. You may enter any of the OTP and login to system. [&helli...

Read More

FAQs on e-Invoicing under GST

How do I know whether I am suppose to register invoices? Ans. You can visit e-Invoice portal to check whether you have been enabled to register invoices based on the filings of previous years....

Read More

Know all about GST E Invoice | Turnover more than 20 Crore

As we all are aware that the GST Council has decided to implement a system of e-Invoicing, which will apply to notified taxpayers with an annual aggregate turnover falling in the Rs. 20 Crore up to Rs. 50 Crore range in any previous financial year between 2017-18 to 2021-22 must comply with the system. The […]...

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e-Invoicing under GST w.e.f. 01-04-2022

What is e-Invoicing ? e-invoice is a Tax Invoice which is normally issued by every registered tax payer but it contains some additional information in the form of QR Code. The tax invoice generated through accounting software i.e. Tally, Busy etc. are transmitted on the IRP i.e. on Invoice Registration Portal or say e-invoicing portal [&h...

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E-Invoice – A Recent Cover in GST

With the Notification No. 01/2022- Central Tax dated 24/02/2022 the turnover limit is further reduced to Rs. 20.00 Crores to cover a large number of taxpayers within the ambit of E-INVOICE under GST. The essence of GST is to remove the cascading effect of tax and to pass on the GST credit at each stage. […]...

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