GST E-Invoice mandatory for entities having Turnover of Rs. 20 Crores: CBIC reduces threshold limit [Read Notification]
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
GST E-Invoice Portal Glitches: Users facing Trouble in Login and Upload of Invoices
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,
GST E-Invoicing: Guidelines for Taxpayers with Turn Over Rs. 50 Cr to 100 Cr on Production
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
CBIC allows one-month grace period for those not yet ready for GST E-Invoice
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
GST: CBIC notifies E-Invoice System, Mandatory for Businesses with Rs 100cr Turnover from April 1, 2020 [Read Notifications]
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
GST: CBIC notifies Schema for E-Invoice, SEZ units are excluded from E-Invoicing [Read Notification]
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
GSTN Requires e-Invoicing for Turnovers Beyond INR 5 Crores Starting April 1, 2024, Issues Advisory on Self Enablement For e-Invoicing
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
NIC releases Beta Version of GST E-Invoice Preparing and Printing (GePP) Tool
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
GST: CBIC reduces Mandatory E-Invoice for Businesses having Rs. 20 Cr Turnover to Rs. 10 Cr [Read Notification]
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
GST E-Invoicing mandatory for Businesses with Rs 100cr Turnover from April 1, 2020
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
GST: Physical Invoice need not be carried when E-Invoice has been issued, says CBIC [Read Circular]
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
GST E-Invoicing Scheme start on an encouraging note with 52-lakh IRNs validated in first 6 days
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
GST: Simplified Single Return is ready to Rollout in July
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
GSTN issues Advisory on Auto-population of E-Invoice details into GSTR-1
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
Taxpayers can Check Eligibility of E-Invoice on GST Portal: Check Complete Details
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