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Generate E-invoice in GST: Micro units are currently out of the e-invoice purview. GST E-invoice, Steps to generate E-invoice under GST: The Central Board of Indirect Taxes and Customs (CBIC) under ...

Following the financial news carefully, you will remember that the overall turnover has been reduced to ₹5 crore from ₹10 crore. Does it apply to your enterprise? If yes, opting for an e-Invoice from ...

In a big relief to small companies, the Central Board of Indirect Taxes and Customs (CBIC) has raised the threshold limit to mandatorily file e-invoice to Rs 500 crore from earlier Rs 100 crore ...

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 ...

The fourth phase of e-Invoicing in India began on 1st April 2022, spanning several Micro, Small, Medium Enterprises (MSMEs). It shall apply to businesses with more than Rs.20 crore turnover, earned in ...

The new GST electronic invoice system is aimed at reducing GST manipulations through fake invoices, but the changes that the government is bringing to the system are posing challenges to businesses on ...

Explains the legal situations where suppliers can correct excess GST through credit notes. Highlights that reduction in tax liability is conditional on timelines, ITC reversal, and absence of unjust ...

For almost all tax laws in India, taxpayers can be bunched into three categories — those who follow the law diligently without complaints, those who don’t like the law very much but still follow it to ...