Generate E- Invoice under GST: Enterprises with more than Rs 5 crore turnover, from earlier Rs 10 crore, in any financial year will have to generate e-invoice for business-to-business (B2B ...

GST Export Invoice Online: In the case of the export of goods, the invoice is to be raised at the time of removal of goods for delivery or before that. In the case of service exports, the invoice ...

The Goods and Services Tax (GST) was implemented in 2017 with the aim to ease the taxation system by replacing multiple indirect taxes such as VAT, service tax, etc. Every registered business under ...

Around 69.5 lakh Invoice Reference Numbers (IRN)s have been generated by 71,000 users in the first week of implementation of goods and services tax (GST) e-invoicing system. 2- On the first day of ...

The proposed 'e-invoice' is part of the exercise to check GST evasion. With almost two years into GST implementation, the government is now focussing on anti-evasion measures to shore up revenue ...

“GSTR-1 and GSTR-3B will ultimately be phased out, once we fully operationalise the electronic invoice (e-invoice),” he said. In the normal course, the two GST returns (GSTRs) means 24 returns ...

The Invoice Management System (IMS) represents a significant leap forward in India's GST compliance journey. IMS fundamentally reshapes tax reporting and compliance by prioritising accuracy ...

E-invoice generation method will be similar to the one being followed for e-way bill on the 'ewaybill.nic.in' portal or payment of Goods and Services Tax on the GSTN portal.

“GSTR-1 and GSTR-3B will ultimately be phased out, once we fully operationalise the electronic invoice (e-invoice),” he said. In the normal course, the two GST returns (GSTRs) means 24 returns ...

The GST e-invoicing system was implemented from October 1, 2020, for businesses with annual turnover of Rs 500 crore or more. It was later extended to businesses with over Rs 100 crore turnover ...

GST invoice verification: New advisory by GSTN in respect of availability of five official apps for e-invoice verification. Experts say that these apps solve a lot of problems like faster ...