Goods and Services Tax : NIC ने E वे बिल 2 पोर्टल का शुभारंभ किया है, जो 1 जून 2024 स�...
Finance : Explore the power of automated billing software in driving business growth, increasing efficiency and simplifying your billing pro...
Goods and Services Tax : Explore the implementation and implications of e-invoicing under GST in India, including requirements, exemptions, and compliance ...
Goods and Services Tax : Understand the significance of e-invoicing, its implementation, prerequisites, and FAQs. Learn how to generate e-invoices, its ben...
Goods and Services Tax : Learn about amending e-invoices in GST, including practical scenarios, guidelines, and the process for rectifying errors in e-invo...
Goods and Services Tax : Explore the interoperable services of E-Invoice1 and E-Invoice2 systems, boosting efficiency and reliability for taxpayers. Learn ...
Goods and Services Tax : Discover the latest API updates for E-Invoice and E-Way Bill systems, including interoperable services and new error codes for sea...
Goods and Services Tax : Explore the integration of E-Waybill services with four new IRP portals by GSTN. Learn how taxpayers can now generate E-Waybills a...
Goods and Services Tax : Important update from NIC: E-Way Bills for B2B and B2E transactions require mandatory e-Invoice link for e-invoice enabled taxpaye...
Goods and Services Tax : Explore the seamless implementation of the E-Invoice System for GST compliance. Learn the procedures, modes, and detailed steps fo...
Goods and Services Tax : Discover the Allahabad High Court's ruling on Nancy Trading Company Vs State of U.P. And 3 Others, stating that not generating an ...
Goods and Services Tax : Madras High Court quashes penalty for non-generation of e-invoice when turnover was rectified below 5cr in GSTR-9. Learn the impli...
Goods and Services Tax : Delhi High Court grants refund for Input Tax Credit (ITC) rejected under GST. Explore the case of Star Publishers Distributors Vs ...
Goods and Services Tax : J. K. Jain Buildtech India Pvt. Ltd. Vs Assistant Commissioner (Calcutta High Court) The principal ground on which the petitioner ...
Goods and Services Tax : Where the implication of a person was for a non-bailable offence, he could apply for anticipatory bail. If the applicant cooperate...
Goods and Services Tax : Explore the integrated services of NIC-IRP e-invoice-1 and e-invoice-2 portals, launching on July 18th, 2024. Learn about seamless...
Goods and Services Tax : Learn how to self-enable for e-Invoicing and comply with the turnover threshold of INR 5 crores. Get step-by-step guidance and por...
Goods and Services Tax : Explore the integration of E-Waybill services with four new IRP portals by GSTN. Learn how taxpayers can now generate E-Waybills a...
Goods and Services Tax : Discover the latest enhancements to the GSTN e-invoice portal: PAN-based search, automatic exemption lists, improved accessibility...
Goods and Services Tax : Explore the latest CBIC instruction from the Ministry of Finance, addressing non-compliance with mandatory e-invoicing by eligible...
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 […]
Understand the E-Invoicing System under the GST Act of 2017 for businesses with a turnover exceeding Rs. 20 crore. Stay updated with the latest regulations and requirements.
Discover the revolutionary concept of e-invoicing and its impact on indirect taxation in India. Learn how this new reform is improving the invoicing process under the Goods and Services Tax Act.
E-invoicing for whose turnover exceeds Rs. 20 crores in a financial year with effect from (WEF) 01.04.2022 CBIC notifies vide Notification No. 1/2022 Central Tax dated 24.02.2022 that e-invoicing has been made mandatory in case of companies / firms/ Proprietors whose turnover exceeds Rs. 20.00 crores in a financial year with effect from 01.04.2022. Concept […]
Requirement of affixing QR code is given in Rule 46 (r) as Tax invoice will contain Quick Response code, having embedded Invoice Reference Number (IRN) in it, in case invoice has been issued in the manner prescribed under sub-rule (4) of rule 48. Affixation of QR code is one out of 18 particulars on tax invoice.
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 ₹50 crores has been reduced to ₹20 crores vide […]
Introduction Any large retail trader (goods) falling within the turnover range of Rs. 50-500 crore (or more) would have to comply with the following: ♦ Real time E-invoice instead of tax invoice (B2B, SEZ) ♦ Real time E-invoice – credit note/debit note (B2B, SEZ) ♦ Tax invoice (B2C) ♦ Bill of Supply (B2C & B2B) […]
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.
Extract of relevant provisions Section 13 of CGST Act, 2017, Time of supply of services. (1) The liability to pay tax on services shall arise at the time of supply, as determined in accordance with the provisions of this section. (2) The time of supply of services shall be the earliest of the following dates, […]
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 […]
