November 2020, Newsletter #35

NIC Specified Changes | E-invoicing and QR Code forB2B and B2C Transactions | IRIS Onyx – E-invoicing Solution | GST Compliance Calendar- December

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GSTR 2A: Details and Format

GSTR 2A is an auto-generated form of inward supplies i.e. purchase-related transactions. GSTR 2A is a dynamic statement while GSTR 2B is static. Read to know details, format and due date of GSTR 2A and difference between 2A and 2B

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TCS under Finance Act & impact on E-invoicing

TCS under Finance Act & impact on E-invoicing | The Finance Act, 2020 has expanded the provision to include sale of goods also under the purview of TCS. Read more…

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Delinking – Debit and Credit Note

Delinking – Debit and Credit Note | Delinking of CDN from invoice, while reporting them in Form GSTR 1/GSTR 6 or filing Refund

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All about Provisional ITC (Input Tax Credit) | CGST Rule 36(4)

The central government vide Notification no 49/2019 central tax dated 9/10/2019 has made amendments to CGST Rules, 2017.

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E-invoicing and SEZ

Special Economic Zone or SEZ are dedicated geographical regions present in a country, providing businesses with simpler tax and legal compliance. Read all about E-invoicing and SEZ here

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E-invoicing for E-commerce Operators

E-commerce operators are allowed to generate IRN on behalf of a supplier. Read all the details about e-invoicing for e-commerce operators here in detail.

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41st GST Council Meeting – Expectations and Decisions

The 41th GST Council Meeting by the finance ministry is touted to be held on August, 27th 2020 via video conferencing. Here are some of the expectations from the upcoming meeting.

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GSTR-2B – What, When, Where and How of it

GSTR 2B is a static statement of available ITC for the taxpayer generated on the basis of GSTR 1, GSTR 5 & GSTR 6 filed by recipients' counter parties before the 14th of the succeeding month

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E-invoicing and E-way Bill: Generating E-way Bill using IRP

Read how you can to generatean E-way Bill using the IRP. Conditions for generation E-way Bill, cancellation process | E-invoicing and E-way Bill

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GST Return Filing Changes and Its Impact

The government is planning to change some specifications to ease the compliance process. Here are the upcoming GST return filing changes and its expected impact. Read more…

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40th GST Council Meeting – Highlights

40th GST Council Meeting Highlights and Expectations with an easy to understand infographic. The meeting was held on 12th June 2020 via video-conferencing.

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