The IRISGST Times
Volume 58 | October, 2022
Inside
THE ISSUE
We are humbled to share with all of you that IRIS has been selected as the ‘Best Tax Technology Service Provider 2022’ in category National Taxation Awards – at the prestigious TIOL Awards. We are extremely grateful for the support that we have received from all of you!
In this newsletter, we have also covered several detailed articles on the new updates including Maximizing ITC Claim, E-invoice Printing, GST Reconciliation, and Handling GST Litigation. Also, in this issue of IRIS GST Times, we have highlighted IRIS IPU for you which is a new product update in AP Automation that may surely interest you.
And, yes, we also have the most popular section – the GST Compliance Calendar for November 2022 so that you never miss a GST due date.
Happy Reading!
Regards,
Meghana Pawar,
Editor, IRISGST Times
Latest GST News Updates
Implementation of mandatory mentioning of HSN codes in GSTR-1. Read all the updates here: Top GST News of the month
Reader’s Choice of the Month
Our most popular article for the month is – Your 3-step Guide to a Hassle-free Reconciliation under GST
Top Finance News of the Month
In early trade on Friday, 28th October 2022, the rupee strengthened 4 paise to 82.29 against the US dollar, boosted by a weak US dollar in the international market and strong domestic equities.
GST Updates
Last date to claim ITC and amend sales/CDN extended - Here's what to do next!
As per GST Notification 18/2022, the time limit to claim ITC and amend sales/CDN has been extended (including for FY 21-22) by the CBIC. So, the date has been changed for claiming ITC, issuing CDN, and doing amendments to returns of the previous year till 30th November by notifying clause 100 of the Finance Act 2022 to be effective from 01.10.2022.
E-invoice Printing: Process, Mandatory Fields, Modes of IRN generation
E-invoice printing is one of the topics that taxpayers are most concerned about. In this article, we discuss everything related to e-invoice printing i.e. the process, mandatory and optional fields, e-invoice generation among other important things.
E-invoice under GST as per Rule 48(4) of CGST Rules 2017
E-invoice under GST is not very different from a normal invoice, except that the e-invoice carries an IRN and QR Code on it.This article will help you to understand the basics of e-invoice, Rules related to e-invoicing, amendments and ways how to generate an e-invoice.
Last date to claim ITC and amend sales/CDN extended - Here's what to do next!
As per GST Notification 18/2022, the time limit to claim ITC and amend sales/CDN has been extended (including for FY 21-22) by the CBIC. So, the date has been changed for claiming ITC, issuing CDN, and doing amendments to returns of the previous year till 30th November by notifying clause 100 of the Finance Act 2022 to be effective from 01.10.2022.
E-invoice Printing: Process, Mandatory Fields, Modes of IRN generation
E-invoice printing is one of the topics that taxpayers are most concerned about. In this article, we discuss everything related to e-invoice printing i.e. the process, mandatory and optional fields, e-invoice generation among other important things.
E-invoice under GST as per Rule 48(4) of CGST Rules 2017
E-invoice under GST is not very different from a normal invoice, except that the e-invoice carries an IRN and QR Code on it.This article will help you to understand the basics of e-invoice, Rules related to e-invoicing, amendments and ways how to generate an e-invoice.
Product Updates
Get 100% Accounts Payable invoice automation with IRIS IPU
Automate your Accounts Payable (AP) cycle and maximize working capital with IRIS IPU (Invoice Processing Unit) – digital invoice capture, recon with GSTR 2A, mark unmatched invoices for future reconciliation.
What is IRIS IPU?
IRIS IPU is a centralized platform for invoice digitalisation and match for 100% GST Reconciliation and maximum ITC claim. IPU automates the AP Cycle by using OCR technology and AI to ensure 100% invoice data capture, faster invoice match, reduced manual errors and maximum GST reconciliation.
With the help of IRIS IPU, your Accounts Payable team can detect non-compliant invoices on time to manage a faster pay cycle and save on working capital losses.
- PO Processing
- Invoice Capturing
- 2-3-4 Way Matching
- GL & tax code Determination
- Parking and Posting
- Invoice Reconciliation
- Financial / Tax Reporting
- RCA / Intelligence
Want to know more about IRIS IPU?
Please reach out to us at support@irisgst.com and we will get back to you as soon as possible with all the details. We can also schedule a free demo for you!
Testimonial
“IRIS GST Software brings ease in our ITC recon and monthly compliances, helping us focus on other crucial aspects of our business”
“We have been using IRIS GST Software for a while now. Quite happy with the ease it brings in our ITC reconciliations and monthly compliances, it helps us focus on other crucial aspects of our business. Chellamuthu, our Customer Service Manager, is prompt and available 24*7! Cheers to the team IRIS.”
– ANISH KULKARNI,
Manager (Finance), Kirloskar Chillers Private Limited
GST Compliance Calendar
We as a company strongly advocate growth and want all our readers, users and clients to grow with us! Thus, from our premium products to all the free resources that are created for you, we ensure excellence and value.
Here is a comprehensive image of the GST Compliance Calendar that helps you be GST compliant. It has all the GST Compliance Due dates for November 2022 so that you never miss a GST due date!
Click here to read: GST Due Dates – November 2022 Calendar
By C.A. Samaira Tolani
Every feedback, be it via comments, replies on Social platforms or emails is always welcome. Thank you for appreciating our efforts and staying connected.
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