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From March 1, businesses with turnover above Rs. 5 crore will not be able to generate e-way bill without including e-invoice details for all B2B transactions. Under the goods and services tax regime, e-way bills are required for inter-state transportation of goods…
Manner of issuance of invoice Rule 48 of the Central Goods and Services Tax Rules, 2017 (CGST Rules) provides for the ‘manner of issuing invoice’. Sub-rule (1) of rule 48 states that the invoice shall be raised in triplicate on…
Taxpayers with an annual turnover above Rs.5 crore must prepare e-invoices from August 1 this year for business-to-business transactions (B2B supply), the State Goods and Services Tax department said. The decision is applicable to traders who have reported annual turnover…
Businesses with annual turnover of over Rs.5 crore will have to move to e-invoicing under goods and services tax (GST) from January 1. The GST Network has asked its technology providers to make the portal ready to handle the increased…
The GST e-invoicing will likely be mandatory for firms with a turnover of over Rs 5 crore from January 1, 2023, down from the current threshold of Rs 20 crore to further plug leakages, ensure better compliance and policy formulation,…