GST Council meeting: E-invoice mandate may soon cover B2C transactions
Businesses across the country may soon be required to issue electronic invoices, or e-invoices, directly to consumers for the sale of goods and services.
Tag: B2C transaction
GST return filing changes: New thresholds and liability rules to take effect from
Starting this September, taxpayers in India may need to adjust their GST return filing practices due to upcoming changes that could affect compliance and financial reporting. These updates include revised reporting thresholds and liability adjustments, which will impact all taxpayers..
Advisory on Reporting of supplies to un-registered dealers in GSTR1/GSTR 5
The Government has reduced the threshold limit for reporting of invoice wise details of inter-state taxable outward supplies made to unregistered dealers from 2.5 Lakh to 1 Lakh which needs to be reported in Table 5 of Form GSTR-1 and Table 6 of GSTR-5.
Centre to mandate e-invoice for B2C transactions in 2-3 years
The government is likely to make it mandatory for businesses to issue electronic or e-invoice for B2C transactions in the…