self invoice in gst – OnlineTaxUpdate

The Central Board of Indirect Taxes and Customs (CBIC) has introduced Rule 47A via Notification No. 20/2024 – Central Tax, which will come into effect from November 1, 2024. This new rule introduces a 30-day time limit for issuing tax invoices in cases where recipients are liable to pay tax under the Reverse Charge Mechanism (RCM).

GST in Media

Self-invoicing raises GST challenges

byAdmin09/08/202409/08/2024

Indian corporates are encountering certain challenges related to GST compliance, particularly with the self-invoicing and reverse charge mechanism (RCM) for services received from foreign entities.

Article GST Article

Self invoice under GST

byAdmin28/03/201906/06/2026

As per section 31(3)(f) of CGST Act, 2017, “a registered person who is liable to pay tax under sub-section (3) or sub-section (4) of section 9 shall issue an invoice in respect of goods or services or both received by…

Tag: self invoice in gst

Rule 47A of the CGST Rules – Effective from 1st November 2024

Self-invoicing raises GST challenges

Self invoice under GST