The IRISGST Times
Volume 61 | January, 2023
What's
Inside Section
January, with its resolutions and fresh starts, is now behind us. As we welcome in the new month, it’s a time to reflect on our progress, set new goals, and embrace new beginnings.
As February approaches, there is a lot of excitement surrounding the annual union budget. In light of this, we have added Union Budget 2023 highlights in this newsletter along with covering other major subjects including Fake Invoices under GST, Reducing Purchase Invoice Frauds, Rule 88C, GST Changes from January 2023 that taxpayers need to adhere to!
In this newsletter, we share new details about IRIS IRP – GSTN Authorized Invoice Registration Portal. And, yes, we also have the most popular section – the GST Compliance Calendar for February 2023 so that you never miss a GST due date.
Happy Reading!
Regards,
Meghana Pawar,
Editor, IRISGST Times
Latest GST News Updates
Reader’s Choice of the Month
Our most popular article for the month is – ITC is Available even in case of a Mismatch of 2A:. GST Circular 183/2022. Click the link to know all the changes in detail!
Top Finance News of the Month
According to the Economic Survey, which the government has released a day before the presentation of the Union Budget, India’s economic growth will be 6.5% in fiscal 2024 as opposed to 7% in the current fiscal.
GST Updates
8 Ways How e-Invoicing is Helping Businesses in Keeping a Check on Purchase Invoice Frauds
With the implementation of e-invoicing under the Goods and Services Tax (GST) regime in India, businesses can now detect and prevent purchase invoice fraud more effectively. In this article, we will discuss all about e-invoicing and purchase invoice fraud and how e-invoicing can help prevent purchase invoice fraud.
3 Common Mistakes in E-invoicing to Avoi
If you are new to e-invoicing, there are certain things you must keep in mind in order to avoid common mistakes in e-invoicing that businesses need to avoid. IRN generation is a mandatory process if a business has crossed the e-invoicing turnover limit.
Fake Invoices under GST: Identification, Penalties and Mandatory Invoice Feilds
An invoice that has been made with the intent to claim input tax credit (ITC) or to use other GST benefits without actually paying for the products or services can be considered as a fake invoice under GST. Here, we will discuss some key ways to identify fake invoices under GST.
8 Ways How e-Invoicing is Helping Businesses in Keeping a Check on Purchase Invoice Frauds
With the implementation of e-invoicing under the Goods and Services Tax (GST) regime in India, businesses can now detect and prevent purchase invoice fraud more effectively. In this article, we will discuss all about e-invoicing and purchase invoice fraud and how e-invoicing can help prevent purchase invoice fraud.
3 Common Mistakes in E-invoicing to Avoid
If you are new to e-invoicing, there are certain things you must keep in mind in order to avoid common mistakes in e-invoicing that businesses need to avoid. IRN generation is a mandatory process if a business has crossed the e-invoicing turnover limit.
Fake Invoices under GST: Identification, Penalties and Mandatory Invoice Feilds
An invoice that has been made with the intent to claim input tax credit (ITC) or to use other GST benefits without actually paying for the products or services can be considered as a fake invoice under GST. Here, we will discuss some key ways to identify fake invoices under GST.
Product Highlight
IRIS IRP – GSTN Authorized Invoice Registration Portal
An end-to-end solution for e-invoice management and beyond
E-Invoicing for Taxpayers
IRIS IRP offers a stable and secure connection for taxpayers to generate IRN for their e-invoices. Choose to connect your ERPs via API Integration or use our multiple interfaces aka web, app or excel utility and generate e-invoices seamlessly. Not only this, we offer AI and ML solutions around invoice data for CFOs to streamline their AP and AR cycles and manage better cash-flows.
E-Invoice Integrators
Boost your solution capabilities with IRIS IRP E-invoice integration to provide your clients the assurance of a trusted partner and the confidence of a seamless experience.
Calling ERP service providers, ASPs, GSPs, system integrators and/ billing software providers to reimagine invoice data with us. Build solutions that provide endless possibilities to your customers around AR-AP cycles, payments, receivable financing or simply to generate E-invoices.
Choose what best suits your needs. Explore all the possibilities with IRIS IRP and have a smooth e-invoicing experience. We have worked with thousands of clients to generate IRN with 99.99% accuracy. IRIS is an award-winning enterprise and one of the renowned names in the Tax-Tech Industry! Our team of experts are here to help you have a seamless e-invoicing journey.
Want to know more about IRIS IRP? Click the link below and get in touch with us!
Testimonial
“We have been associated with IRIS GST since February 2020 and are satisfied with their services”
“We have been associated with IRIS GST since February 2020 and are satisfied with their services, especially for real-time support. The IRIS GST team has not only helped us with our GST return filing but has also taken care of our e-invoicing and IRN generation seamlessly. We truly appreciate their 24/7 customer support. Their team continuously keeps updating with the latest development of the portal and keeps us updated on the GST law front and aid us in implementation as well. Overall, we are pleased to use IRIS GST Software and IRIS E-invoicing for our GST Compliance and E-invoicing requirements.”
– KEYUR DHAMI,
Sr. Manager – Taxation, Jeena Group Of Companies
GST Compliance Calendar
GST Due Date Calendar for the new year! 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 February 2023 so that you never miss a GST due date!
Click here to read: GST Due Dates – February 2022 Calendar
CONTACT US
Have feedback for us? Want to request for our product demos? Please reach out to us at
Website : https://irisgst.com/ | Phone : +91 22 6723 1000 | Email : support@irisgst.com
Every feedback, be it via comments, replies on Social platforms or emails is always welcome.
Thank you for appreciating our efforts and staying connected.
Very useful…. 🙌🏻🙌🏻🙌🏻
Very useful.. easy to understand.. thanks..