Bill of Supply under GST

As per GST law, for every supply of taxable goods or services, a registered supplier is required to provide a tax invoice to the Purchaser.

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Change in GST Rates for Real Estate Sector from 1st April 2019 onwards

Government has issued notification w.r.t. changes in GST rates for real estate sector with an option to charge new tax Rate from 1st April 2019 for ongoing projects.

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Do Telecom Companies have the Bandwidth for GST?

In the last few decades, the telecom sector has emerged as one of the largest services sectors in India. Impact of GST on Telecom sector.

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CGST, SGST & IGST: The Three Pillars of Goods & Service Tax

GST is structured as One-multistage based taxation system, it is categorized into CGST, SGST or IGST, based on whether the transaction is Intra-State or Inter-State.

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New Returns Deferred

The pilot for New Returns- Sahaj and Sugam, was to start from April 1, 2019 and the mandatory filing to start from July 2019.

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4 Critical Implications of GST on the Banking Sector

The banking sector is one of the largest services sectors in India. The implementation of the Goods & Services Tax (GST) will likely prove to be a challenge for the sector on two counts.

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7 Ways How an E-invoicing Software can Simplify Your E-invoicing

A company has to deal with multiple transactions and with the supply of goods and transportation, the requirement of e-way bills also becomes mandatory. Thus a secure and comprehensive e-invoicing software is necessary to ease the course not just for IRN generation but also to print and share invoices, manage e-way bills, and for a smooth ITC claim as a way ahead.

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Received an E-Invoice? 9 Questions to Consider First

The e-invoice received from the suppliers will have the extra-information related to IRN. Hence, the recipients now need to verify the same and keep it for records.

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Practical challenges at different stages in e-invoicing

Practical challenges at different stages in e-invoicing. Challenges in the IRN preparation stage, generating IRN stage which also includes e-way bills, and the post IRN stage. Read more…

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Issuance of FORM GST DRC-07 for Vehicle Detained under Provisions of E-way Bill – Maharashtra Govt.

The Government of Maharashtra has released new instructions for the issuance of FORM GST DRC-07 for vehicles detained under the provisions of the e-way bill. Read more…

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E-invoicing Mandate Extended to Rs. 20 Cr. Turnover & Related Updates

As per the latest GST Notification 1/2022 released on 24th February 2022, e-invoicing has been made mandatory for all the B2B transactions from 1st April 2022 for all the entities with an aggregate annual turnover of Rs. 20 Cr. or more in any financial year from 2017-18 onwards. Read the complete article to know all the related changes.

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ITC-04 & Job Work: Charging GST on Goods not Owned

ITC-04 and Job Work under GST | Job Work includes outsourced activities that may or may not culminate into manufacture | Read more about due-date, format and filing here!

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