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 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 : 2 Factor Authentication is mandatory for taxpayers with AATO Rs 20 Crore and above from 20th November 2023. Users are requested...
Goods and Services Tax : GSTN launched e-Invoice JSON download feature on GST Portal. Learn how to access, download, and manage e-Invoices effortlessly. ...
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 : HC modify Conditions of Bail considering the inability of accused to comply with same due to COVID-19....
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...
♦ The IRP will generate a QR code containing the unique IRN (hash) along with some important parameters of invoice and digital signature so that it can be verified by an Offline App. ♦ IRP system will pass back this ‘Signed QR Code’ as part of the response to the request made by the tax […]
Recently CBIC issued Notification No 60/2020 – Central Tax and Notification No 61/2020 – Central Tax dated 30th July, 2020 enhancing threshold for preparing E-Invoice to Rs 500 Crores. Earlier the said limit for preparing E-Invoice was Rs 100 Crores. The provisions shall come into effect from 1st October, 2020. MYTH BUSTERS – Before we […]
E-Invoice System (https://einvoice1.gst.gov. in) Welcome to the tax payers of GST to the e-invoice system. As per the GST Council direction, National Informatics Centre (NIC) has built the e-invoice system as per the latest e-invoice (IRN) schema published on the GSTN portal. As per the notification of GST (Notfn No. 61 dtd: 30th July, 2020), […]
E-INVOICE SANDBOX SYSTEM (Testing tool for development of e-Invoice APIs) E-Invoice Sandbox System https://einv-apisandbox.nic.in provides the essential information for developers to integrate the e-Invoicing operations exposed by NIC-IRP through APIs with their respective ERPs and financial accounting systems. The home page is accessible from anywhere without any login and provides complete information on the APIs […]
e-invoice is supposed to be rolled out from 1st April 2020 but the same has been postponed to 1st Oct 2020. The threshold for the rollout of e-invoice has been increased to Rs 500 Crores on account of the pandemic like situation and also excluded the issue of e-invoice by the taxpayers registered under SEZ. […]
GST E-Invoicing – Enhancement of aggregate turnover for applicability of E-Invoicing CBIC has issued Notification No 60/2020 – Central Tax and Notification No 61/2020 – Central Tax Dated 30th July, 2020 enhancing threshold for preparing E-Invoice to Rs 500 Crores. Earlier the said limit for preparing E-Invoice was Rs 100 Crores. The provisions shall […]
E-invoicing mandatory for registered person having turnover above INR 500 Crore e-invoice under GST is applicable for assessee’s having turnover in a financial year above Rs. 500 crore with effect from October 1, 2020 and SEZ units are excluded from e-invoicing. Notification No. 61/2020–Central Tax Dated: 30th July, 2020. Irrespective of the turnover, e-invoicing shall […]
CBIC notifies vide Notification No. 60/2020–Central Tax Dated: 30th July, 2020 revised Format/Schema for e-Invoice under GST by replacing existing FORM GST INV-01 with new FORM GST INV-1. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi Notification No. 60/2020–Central Tax Dated: 30th July, 2020 G.S.R. 480(E).—In exercise of […]
Currently, businesses generate invoices through various softwares and the details of these invoices are manually uploaded in the GSTR-1 return. The invoice information is thereafter reflected in GSTR-2A for the recipients for viewing only. On the other hand, the consignor or transporters generate e-way bill again by importing the invoices in excel or JSON manually. Considering the […]
1. The tax invoiceis a standard format required under the GST system. Sec 31 of the CGST Act 2017 mandates the issuance of an invoice or a bill of supply for every supply of Goods or Services. 2. Tax Invoice in respect of Goods: Section 31(1) A registered person supplying taxable goods shall issue a tax […]
