Effective 1st April 2023, Reset the Invoice Number Series

Rule 46 (b) of the CGST Rules 2017 suggests that any tax invoice should have a 16 character alpha-numeric invoice number unique for a financial year.

Share
GSTR 6: Here are11 Points to Know Before Filing GSTR 6

An ISD assures that the common expenditure and billings shared between an organization’s branches/sub-units is centralized.

Share
Input Service Distributor under GST | GSTR 6 Filing

It has been one year since GST rollout. In the coming year, changes in the GST return filing process can be expected which aim to simplify the existing process.

Share
Validation rules for e-invoicing that you must take care to avoid errors

The validations are categorized in 4 major buckets for better understanding. Here are the rules for e-invoicing that you must take care in order to avoid errors. Read more...

Share
Issues Faced while Filing GSTR 9 and GSTR 9C

GST annual returns, taxpayers have been facing certain issues while filling form GSTR 9 and GSTR 9C.

Share
Input Service Distributor: 5 Aspects of ITC Distribution

‘Input Distributor Officer’ is one of the most crucial concepts in the Indian economy, especially for the big players in the market.

Share
Your 3-step Guide to a Hassle-free Reconciliation under GST

Every month’s GST filing, you need to reconcile your purchase data with all your suppliers’ sales data that they have uploaded on GSTN.

Share
All about Input Tax Credit (ITC) | How to claim ITC?

Input Tax Credit or ITC under GST is the credit back of the tax a registered GST taxpayer pays on inputs i.e. purchases. This tax he is liable to get back from the government. Read more

Share
Generating E-way Bills under Bill to and Ship to Scenario

Eway Bill under Bill-to and Ship-to’ is a common business scenario wherein the party to whom invoice is billed is different from the party actually receiving the goods or services.

Share
Utilization of Input Tax Credit under GST Rule 88A, Section 49A and 49B

Updates: 23 April 2019 – Presently, the common portal supports the order of utilization of input tax credit in accordance with the provisions before implementation of the provisions of the CGST (Amendment) Act

Share
Dynamic Quick Response (QR) Code on B2C Invoices

Understanding E-invoicing and QR code generation for B2C transactions made easy! Also read, all about QR Codes in case of B2C invoices and transactions.

Share
Cases where Input Tax Credit cannot be availed under GST

The Input Tax Credit mechanism allows a taxpayer to reduce his tax liabilities on his sales with the taxes paid on inward supplies.

Share