Goods and Services Tax : Learn the mandatory details for a tax invoice under Rule 46 of CGST, including GSTIN, invoice number, HSN/SAC codes, tax rates, an...
Goods and Services Tax : Understand e-invoicing under GST: turnover criteria, exceptions, applicable transactions, document types, and supply nature. Ensur...
Goods and Services Tax : Allahabad HC rules no penalty if goods in transit have valid tax invoice and e-way bill, despite owner’s GST registration suspen...
Goods and Services Tax : GST's IMS now includes a Supplier View, enabling suppliers to track actions taken on their invoices. Updates on GSTR-2B are availa...
Goods and Services Tax : जीएसटीएन द्वारा जारी एडवाइजरी में इनवॉइस मैनेजम...
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 : GSTN advises taxpayers to enable alternate mechanisms for e-Invoice and e-Waybill systems using multiple portals and APIs to ensur...
Goods and Services Tax : GSTN issues advisory on the new Invoice Management System (IMS) for accepting or rejecting supplier invoices, impacting GSTR-2B an...
Goods and Services Tax : Learn about the latest FAQs on the Invoice Management System (IMS), including GSTR-2B actions, ITC, credit notes, and return filin...
Goods and Services Tax : The new GST Invoice Management System (IMS) simplifies invoice handling for taxpayers. Accept, reject, or defer invoices and manag...
Goods and Services Tax : GST introduces Invoice Management System (IMS) from October 2024, enabling taxpayers to manage and rectify invoices for accurate I...
The Goods and Service Tax Network (GSTN) has notified the impending changes in GSTR-1 Table-12 on GST Portal. The government has notified that from 1st April onwards, it will become mandatory to report minimum 4 digit or 6 digits of HSN (Harmonized System of Nomenclature) Code in Table-12 of GSTR-1 and in Tax Invoice. This […]
Quoting of HSN on Tax Invoices With effect from April 1, 2021 A. Quoting of HSN Classification on Invoices (With effect from April 1, 2021) – Notif. No Date Summary of Notification 78/2020 – Central Tax and 6/2020 – Integrated Tax 15-10-2020 HSN classification on Invoices (with effect from 01/04/2021) a. HSN at 6 digits for […]
In view of beginning of a new financial year from 01st April, 2021; there are certain provisions in GST Act which have been made mandatory by CBIC and which should be kept in mind in order to avoid any trouble later. ♦ Central Board of Indirect Taxes and Customs (CBIC), in the Notification No. 05/2021 […]
Important Changes with effect from 01-04-2021 in GST 1. E-Invoicing A. A notified class of registered persons must prepare invoice by uploading specified particulars of the invoice on the Invoice Registration Portal (IRP) and obtain an Invoice Reference Number (IRN) The invoice copy containing inter alia, the IRN with QR Code issued by the notified […]
CGST Ghaziabad Commissionerate arrested 2 persons including the mastermind in case of issuance of fake invoice of Rs. 93 Cr. by creating 25 fake firms and passing of inadmissible ITC of approx Rs. 16 Cr. by conducting searches at 18 locations. PRESS NOTE CGST COMMISSIONERATE, GHAZIABAD ARRESTES TWO PERSONS IN CASE OF ISSUANCE OF FAKE […]
Roadmap to E-Invoicing for B2B Suppliers Notification No. 13/2020 dated 21st Mar 2020 ♣ E-Invoicing made mandatory for Registered Person having Aggregate Turnover more than 100 crore rupees in a year. ♣ Turnover of current F.Y. shall be consider. ♣ Provision shall come into effect from 1st Oct 2020. Notification No. 60/2020 dated 30th Jul […]
Attention GST Taxpayers who have opted for QRMP Scheme! Enjoy the convenience of Invoice Furnishing Facility (IFF) to enable the flow of ITC to the recipients by furnishing B2B invoices for February 2021 by March 13, 2021.
Roadmap for e-Invoicing was laid down with approval of GST Council in its 37th meeting and issue of notification by the Government bearing number 68/2019 CT to 72/2019 CT in December 2019. Due to Global pandemic, implementation of e-Invoicing deferred from April 2020 to October 2020. One of the myths among traders is that e-invoice […]
Sub-rule (4), (5) and (6) were inserted in Rule 48 (Manner of issuing Invoice) of the Central Goods and Services Tax Rules, 2017 (“CGST Rules”) vide Notification No. 68/2019 -Central Tax dated 13th December, 2019 in respect to generate e-invoice as under- “Rule (4) The invoice shall be prepared by such class of registered persons as […]
E-invoicing/QR Code on invoices- Latest NN 05/2021 did. 8/3/2021 -The Specter of Notifications Opening Remarks: To the one who has tracked the E invoice and QR’s nascency and adolescence, cannot help be ‘sadly amused’ by the ironical twists and histrionics of the ‘Notification Apparition’. The turn of events, as will be discussed in the following […]
