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Introduction In this article we will study about E – Invoicing. E – Invoicing is a system which is for Registered Taxpayer under GST for uploading all B2B and export invoices to the Invoice Registration Portal (IRP), managed by National…
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,…
The government’s decision to exempt small-and-medium sellers from compliance burden for online of goods within the state may be a limited benefit. That’s because the scheme is not applicable for sales of inter-state sales of goods. The Goods and Services…
NIC has issued a list of GSTINs updated till 22.06.2022 generating an Invoice Reference Number. Download list As per the notification No. 1/2022 Dated :24-02-2022, e-Invoicing is mandatory for the taxpayers with annual turnover more than Rs.20 crores from 01st April 2022.
E-invoicing in India will be a big move, due to the volume of business transactions undertaken every day, as well as the plethora of different, non-standardised formats used in invoice generation. The main objective is to enable interoperability across the…
The Tamil Nadu GST & Central Excise Department has issued a booklet on “FAQ on e-Invoice” in Tamil & English published by Chennai which was released by Shri. Tarun Bajaj Secretary Revenue GOI during Annual Conference of (Pr)DGs/Chief Commissioners of…
E-Invoice is applicable to taxpayer having turnover exceeding Rs.20 Crore with effect from 01.04.2022. Notification No. 01/2022-Central Tax dated 24.02.2022 is issued in this regard. Read Notification. The taxpayer can check his eligibility of e-Invoicing at Option Search -> ‘e-Invoice…
03/03/2022 i) Generation of e-invoice is mandatory for certain class of taxpayers, as notified by the Government. These taxpayers are required to prepare & issue their e-invoices by reporting their invoice data in the prescribed format (e-invoice schema in FORM…
Authored by CA Akshay Hiregange Introduction Any large retail trader (goods) falling within the turnover range of Rs. 50-500 crore (or more) would have to comply with the following: ♦ Real time E-invoice instead of tax invoice (B2B, SEZ) ♦…