GST Invoice

E-Invoice Schema Format – Mandatory Fields

Goods and Services Tax - On 30th July 2020 the Central Board of Indirect Taxes and Customs (CBIC) released a notification and introduced the “Schema for E-Invoice” for imposing the e-invoicing. It will be implemented from 01st October 2020, only for entities whose business having a annual turn over of ₹500 Cr. What is E-Invoicing? E-Invoicing or Electronic ...

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Dynamic Quick Response (QR) Code

Goods and Services Tax - (Notification 14/2020- Central Tax dated 21st March 2020; Clarifications issued vide Circular No. 156 dated 21st June 2021; Notification No. 28/2021-Central Tax dated 30 June 2021) Dynamic QR Code -Dynamic QR Code on B2C invoice issued by taxpayers having aggregate turnover more than 500 crore rupees, w.e.f. 01.12.2020 -Penalty has been w...

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All about Dynamic QR code on GST B2C Invoice

Goods and Services Tax - Dynamic QR Code for B2C Transactions: B2C transaction means all the supplies made to unregistered person or consumers. B2C invoices are those invoices where the end user will not be claiming input tax credit. E-invoicing refers to a method of processing invoices in an electronic format and on a united platform between buyers and suppliers...

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Quick Response (QR) code on B2C Invoice

Goods and Services Tax - Quick Response (QR) code on B2C Invoice Particulars of Invoice : Source of Quick Response (QR) code Rule 46 of CGST Rule 2017, prescribed the particulars and details to be incorporated in the Tax Invoice such as name, address and Goods and Services Tax Identification Number of the supplier etc. Vide N/No. 31/2019 – CT […]...

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Dynamic QR code on B2C invoices under GST applicable from 1st July, 2021

Goods and Services Tax - 1.0 Background: All supplies made to unregistered persons or consumers are referred to as B2C transactions. B2C invoices are those invoices where the end-user will not be claiming input tax credit (ITC). CBIC vide Notification No. 14/2020-Central Tax directs all taxpayers with an annual turnover of more than Rs.500 crore in any preceding ...

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Latest updates in GST e-Invoice Portal

Goods and Services Tax - The eicore (IRN) and eiewb (E-WAY BILL) APIs are improved with few new validations and some fixes. It may be noted that there are no change in the structure or format of the request and response payloads. These APIs will continue with version no. 1.03...

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Relief measures for taxpayers under GST in view of COVID-19

Goods and Services Tax - In view of the challenges faced by taxpayers in meeting the statutory and regulatory compliances under Goods & Services Tax (GST) law due to the outbreak of the second wave of COVID-19 pandemic, the Government has issued notifications, all dated 1st May, 2021, providing various relief measures for taxpayers. These measures are explained b...

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GST E-Invoice System – Key Statistics, Features, Genesis

Goods and Services Tax - E-Invoice System e-Invoicing under GST, is a game changer system. The system involves reporting of the B2B and Export invoices being issued by the taxpayers to their customers, on the government portal and obtaining a unique Invoice Reference Number (IRN). Its a faceless system with major thrust on API integration so that the eco-system c...

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Updates in Forms GSTR-1, GSTR-3B & Matching Offline Tool for Taxpayers in QRMP Scheme

Goods and Services Tax - Updates In Forms GSTR-1, GSTR-3B And Matching Offline Tool For Taxpayers In QRMP Scheme With effect from 1st January, 2021, all taxpayers with Annual Aggregate Turnover up to Rs 5 Crore have been given an option to file their Form GSTR-1 Statement and Form GSTR-3B return on a quarterly basis. They also have an option […]...

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GePP – GST e -Invoice Preparing and Printing Tool

Goods and Services Tax - The GST Council has approved introduction of ‘E-invoicing’ or ‘electronic invoicing’ in a phased manner for reporting of business to business (B2B) invoices to GST System....

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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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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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Govt depts & local authorities excluded from e-invoice requirement

Notification No. 23/2021–Central Tax [G.S.R. 367(E)] - (01/06/2021) - CBIC amends Notification no. 13/2020-Central Tax to exclude government departments and local authorities from the requirement of issuance of e-invoice vide Notification No. 23/2021 – Central Tax-  Dated 1st June, 2021 to give effect to Recommendations of 43rd GST Council Meeting. Government of In...

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Extended due date chart for various GST Compliances

Advisory No. 469 - (04/05/2021) - Extension in dates of various GST Compliances for GST Taxpayers Government has extended the dates of various compliances by Taxpayers under GST, through Central Tax Notification Nos. 10/2021, 11/2021, 12/20211, 13/2021, 14/2021, all dated 1st May, 2021. The details are summarized below: Filing of Fo...

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B2C QR code compliance exemption extended till 30th June 2021

Notification No. 06/2021–Central Tax - (30/03/2021) - The CBIC vide Notification No. 06/2021 – Central Tax dated March 30, 2021 amended Notification No. 89/2020 – Central Tax dated November 29, 2020 to extend the waiver of penalty leviable under Section 125 of the CGST Act, 2017 (i.e. general penalty) for non-compliance of provisions of Notificatio...

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Recent Posts in "GST Invoice"

E-Invoice Schema Format – Mandatory Fields

On 30th July 2020 the Central Board of Indirect Taxes and Customs (CBIC) released a notification and introduced the “Schema for E-Invoice” for imposing the e-invoicing. It will be implemented from 01st October 2020, only for entities whose business having a annual turn over of ₹500 Cr. What is E-Invoicing? E-Invoicing or Electronic ...

Read More

Dynamic Quick Response (QR) Code

(Notification 14/2020- Central Tax dated 21st March 2020; Clarifications issued vide Circular No. 156 dated 21st June 2021; Notification No. 28/2021-Central Tax dated 30 June 2021) Dynamic QR Code -Dynamic QR Code on B2C invoice issued by taxpayers having aggregate turnover more than 500 crore rupees, w.e.f. 01.12.2020 -Penalty has been w...

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All about Dynamic QR code on GST B2C Invoice

Dynamic QR Code for B2C Transactions: B2C transaction means all the supplies made to unregistered person or consumers. B2C invoices are those invoices where the end user will not be claiming input tax credit. E-invoicing refers to a method of processing invoices in an electronic format and on a united platform between buyers and suppliers...

Read More

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 June, 2021 G.S.R. 450(E).—In exercise...

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Quick Response (QR) code on B2C Invoice

Quick Response (QR) code on B2C Invoice Particulars of Invoice : Source of Quick Response (QR) code Rule 46 of CGST Rule 2017, prescribed the particulars and details to be incorporated in the Tax Invoice such as name, address and Goods and Services Tax Identification Number of the supplier etc. Vide N/No. 31/2019 – CT […]...

Read More

Dynamic QR code on B2C invoices under GST applicable from 1st July, 2021

1.0 Background: All supplies made to unregistered persons or consumers are referred to as B2C transactions. B2C invoices are those invoices where the end-user will not be claiming input tax credit (ITC). CBIC vide Notification No. 14/2020-Central Tax directs all taxpayers with an annual turnover of more than Rs.500 crore in any preceding ...

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Dynamic QR code on B2C invoices: Government issues additional clarifications

The Government vide the Notification No 14/2020 – Central Tax dated 21st March 2020 made it mandatory for taxpayers with aggregate turnover exceeding INR 500 crores to mention Dynamic QR code on B2C invoices. However, the Government vide Notification No 6/2020 – Central Tax dated 30th March 2021 waived off the penalty for non-complian...

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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-20/16/38/2020-GST Government of India Ministry ...

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Latest updates in GST e-Invoice Portal

The eicore (IRN) and eiewb (E-WAY BILL) APIs are improved with few new validations and some fixes. It may be noted that there are no change in the structure or format of the request and response payloads. These APIs will continue with version no. 1.03...

Read More

GST Return Due Date Extension & Relief Measures 2.0

In response to outbreak of Covid-19 pandemic, the government has issued various notifications ranging from Notification No. 07/2021-Central Tax dated 27.04.2021 to Notification No. 27/2021-Central Tax dated 01.06.2021 extending certain due dates under GST and granting relief to taxpayers in terms of waiver of interest cost on delayed paym...

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