Goods and Services Tax : This article clarifies when e-invoicing is mandatory for export supplies under GST. It explains that only taxable exports require ...
Goods and Services Tax : GST E-Invoicing is mandatory for businesses with over Rs.5 Cr turnover, digitizing B2B/Export supplies to curb evasion. Learn gene...
Goods and Services Tax : GST's new Invoice Management System (IMS) aims to prevent fraudulent tax claims by moving from reactive reconciliation to a real-t...
Goods and Services Tax : Guide to India's e-invoice system: covering IRN generation methods, taxpayer enablement, login procedures, QR code verification, s...
Goods and Services Tax : Understand the impact of GSTR-1 amendments on E-Invoicing and E-Way Bills in India's GST ecosystem. Learn how to ensure compliance...
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 : A new facility in Invoice Management System (IMS) has been introduced on GST portal wherein taxpayers are allowed to keep credit n...
Goods and Services Tax : GSTN enables invoice-wise TDS reporting in Form GSTR-7 starting with the September 2025 return period, with a filing deadline of O...
Goods and Services Tax : GSTN's new advisory introduces changes to the Invoice Management System, including an option to keep credit notes pending and a fa...
DGFT : DGFT proposes mandatory GST e-invoices for deemed export benefits. Stakeholders can submit comments by April 2025 for consideratio...
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...
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 Notification No. 14/2020–Central Tax dated March 21, 2020 […]
A person may misplace a GST Invoice that was issued or may require additional copies of the same invoice. In such cases, he faces the need to contact the supplier repeatedly. QR Codes in invoice solves this issue. By scanning the QR Code, the GST Invoice can be generated any number of times.
NN 89/2020 (CT) DT. 29.11.2020, waives the amount of penalty payable by any registered person for non-compliance of not mentioning the QR Code on invoices issued between the period from the 1st day of December, 2020 to the 31st day of March, 2021, subject to the condition that the said person complies with the provisions of the said notification from the 1st day of April, 2021.
Article explains the term ‘Dynamic Quick Response Code’ Applicability of QR code on B2B invoices (e-invoicing QR code), Applicability of QR code on B2C invoices (dynamic QR code) and Summary of Applicability of the QR code under GST. QR code provisions apply differently for both B2B transactions and B2C transactions. The present article firstly explains […]
Various references have been received from trade and industry seeking clarification on applicability of Dynamic Quick Response (QR) Code on B2C (Registered person to Customer) invoices and compliance of Notification (08/2020) No. FD 03CSL 2020 (e) dated 27th March, 2020 as amended.
Slowly and steadily, the Government is making e-invoicing mandatory for wide numbers of suppliers. Currently, an e-invoice is mandatory for the registered person having an aggregate turnover of more than INR 100 Crores in a Financial Year. However, from 1st April 2021, e-invoice is going to be mandatory for all registered person having an aggregate […]
The current article explains the structure of the Invoice Reference Number; a brief understanding of the e-invoice schema and steps to generated the Invoice Reference Number (IRN). Structure of Invoice Reference Number– Basically, Invoice Reference Number (i.e., IRN) is a 64-character long number allotted by the e-invoice portal. IRN is generated using the hash generation […]
The present article covers the basics of the e-invoice portal and also explains the steps to register on the e-invoice portal. Basic understanding of e-invoice portal- Following are some of the basics of an e-invoice portal– ♥ https://einvoice1.gst.gov.in/ is the first invoice registration portal. ♥ The e-invoice portal is maintained by the NIC (i.e., National […]
There have been so many instances of large scale frauds in GST through fictitious billing, bogus registrations etc. e-Invoicing will play a major role in restricting these frauds to a great extent. e-invoicing has been initiated with effect from 1st October, 2020 (For Aggregate turnover exceeding 500 crores). Later on it was made compulsory for […]
E-invoicing is shortly and more popularly known as e-invoice under GST. E-invoice is basically a system through which normally generated invoices are electronically authenticated by GSTN. Mistakenly it is understood that e-invoice means the generation of invoice via GST portal. However, correctly, the same means submitting/ uploading of ERP/ accounting software generated invoice into Invoice […]
