The Central Board of Indirect Taxes and Customs (CBIC) notified the reduction in the Applicability of GST E-invoicing threshold from Rs.50 Crores to Rs.20 Crores with effect from April 1, 2022. ‘E-invoicing’ facilitates the exchange
The e-Invoice Portal of the Goods and Services at had stopped working for a few hours this afternoon. Many practitioners tweeted the matter to the official Twitter handle of the GSTN. An error saying “Sorry,
The E-invoicing under the Goods and Services Tax (GST) regime will become mandatory for entities with a turnover of Rs 50 crore and more from April 1 for business to business transactions. Here is the
The Central Board of Indirect Taxes and Customs ( CBIC ) has allowed one month grace period for those who are not yet ready for GST E-Invoice. The Government had in December 2019 prescribed that
The Central Board of Indirect Taxes and Customs ( CBIC ) has notified E-Invoice System mandatory for business with Rs. 100 crores turnover from April 1st, 2020. The E-invoice will be mandatory for both these
The Central Board of Indirect Taxes and Customs ( CBIC ) on Thursday notified the Schema for E-Invoice for implementing e-invoicing, a form of electronically-authenticated invoices, from October 1 only for businesses with a turnover
The Goods and Services Tax Network (GSTN) has mandated e-invoicing for turnovers exceeding Rs. 5 crores, effective from April 2024. In line with this directive, GSTN has issued an advisory on self-enablement for e-Invoicing. According
The National Informatics Centre (NIC) announced the release of the beta of version of ‘NIC-GST e-invoice Preparing and Printing’ (NIC-GePP) excel based Tool to assist the taxpayers, who are not having the ERP solution, to
The Central Board of Indirect Taxes and Customs ( CBIC ) has made mandatory E-invoicing for businesses with aggregate turnover exceeding ₹10 crore with effect from October 1. Presently, e-invoice is compulsory for businesses with
From 1st April 2020, the E-invoicing will be mandatory for both these businesses categories. For businesses having turnover less than 100 Crore, it would remain voluntary and on trial basis from 1st April 2020. The
The Central Board of Indirect Taxes and Customs (CBIC) clarified that the physical invoice need not be carried when e-invoice has been issued. The Board has received representation on the issue whether carrying a physical
The GST e-invoicing Scheme started on an encouraging note with over 52 lakhs Invoice Reference Number (IRNs) counts notched up in the first 6 days of its launch. In fact, the per hour average count
In a move to ease the compliance burden on the taxpayers and to facilitate input tax credit in a fast manner, the Central Government has finally moved ahead with the single monthly return system under
The Goods and Services Tax Network ( GSTN ) has issued an advisory on Auto-population of E-Invoice details into GSTR-1. Certain notified taxpayers have been issuing invoices after obtaining the Invoice Reference Number (IRN) from the Invoice
The Central Board of Indirect Taxes and Customs ( CBIC ) has enabled the facility to Taxpayers to check the eligibility of E-Invoice on GST Portal. The CBIC had notified the reduction in the Applicability