Falling Under The E-invoice Criteria? Here Are Mistakes To Avoid | E-invoice Preparation | E-invoicing in India | E-invoicing under GST
Read the Summary of GST Circular 164. It is all about GST Rates and Classification of Goods/Services | Latest GST Circulars and Notifications
Summary of GST Circular 161 talks about clarification relating to the export of services-condition (v) of section 2(6) of the IGST Act 2017. Read here…
GST Circular 160 explained: It talks about the clarification with respect to certain GST related issues. Read here…
Summary of GST Circular 159: This circular talks about the clarification on doubts related to Scope of “Intermediary”. Read here…
Vendors being GST compliant plays a significant role in the ITC claim of taxpayers. As the GST law is designed, the taxpayer not only needs to be self-compliant, it is equally important to have a GST compliant network of vendors around. If you deal with multiple vendors, keeping a tab of compliances of all vendors becomes an important activity for optimum ITC claim.
1st October 2021 marks the one-year completion of e-invoicing in India. Presently, the system adoption rate stands at 80% and is likely to increase even further. However, just like constant GST law changes, e-invoicing is also evolving and is undergoing changes. All the taxpayers that fall under the threshold, need to take note of the changes/updates mentioned in this article.
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.
Taxpayers, traders and transporters were facing a lot of issues while generating e-way bills for movement of those goods where their principle supply is classifiable as a service since there is no provision for generating e-way bills by entering SAC (Service Accounting Code-Chapter 99) alone on the E-way Bill Portal. Thus this advisory was released to offer a solution for the same.
The CBIC has recently issued Advisories 500 and 501 on 26th August 2021 dealing with furnishing of form GSTR-1/IFF and addressing the issues related to HSN while filing of GSTR-1 respectively.
Union Finance Minister Nirmala Sitharaman chaired the 45th GST Council meeting held on 17th September 2021, in Lucknow, Uttar Pradesh. This was the first offline meeting after the outbreak of the deadly coronavirus pandemic. In this council meeting, there were several GST rate changes, clarifications and other updates were given out. Read here...
The government had temporarily suspended blocking of E-way Bill generation for taxpayers citing the pandemic. Now, the blocking of E-way Bill generation facility is resumed
