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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…
Goods and Services Tax (GST) authorities have dropped a plan to block generation of goods transportation permits, or e-way bills, from 1 March for companies that fail to produce ‘e-invoices’ for their wholesale transactions through designated portals. These portals aid…
Background E-Invoice has been operationalised since October 2020 for the taxpayers with Annual Aggregate Turn Over (AATO) above Rs. 500 Crores and eventually in a phased manner and now e-Invoice generation is made mandatory for taxpayers with AATO above Rs.…
State Taxes Department (STD) Kashmir has recovered a penalty of Rs:- 3.86 Crores from April 2023 to November 2023 from GST defaulters for not carrying proper documents like GST invoices and e-way bills. This also includes Special Enforcement Drives conducted…
The government is likely to make it mandatory for businesses to issue electronic or e-invoice for B2C transactions in the next 2-3 years, an official said on Wednesday. Currently, businesses with a turnover of Rs 5 crore and above are…
Action in respect of non-issuance of e-invoices by notified class of taxpayers who are mandatorily required to issue e-invoice as per legal provisions
Atleast 6 digit HSN will be mandatory in e-Invoices, for taxpayers whose AATO is 5Cr and above, from 15th of December 2023. Source: Einvoice1portal
The Goods and Services Tax (GST) collection has been showing an upward trend on an annual basis since its roll-out on July 1, 2017, and the average gross monthly mop-up in the current fiscal so far is Rs. 1.66 lakh…
GSTN has issued API integration guide for e-invoice as follows:
Over 100,000 small and medium-sized businesses are non-compliant with e-invoicing norms under the goods and services tax (GST) regime, a mandatory requirement for businesses with an annual turnover of over Rs 5 crore. E-invoicing provides real-time access to invoices that…