The IRISGST Times
Volume 59 | November, 2022
Inside
THE ISSUE
November went by in a jiffy and the last month of 2022 is here to greet us, already!
In this issue of IRIS GST Times, we have covered some interesting articles on the new updates including Major GST Updates, Mandatory HSN implementation in GSTR 1, withdrawal of exemption on export freight and 4 key aspects of ITC computation among other important articles on e-invoicing.
Here, in this newsletter, we also share new details about IRIS IRP – a GSTN authorized Invoice Registration Portal. And, yes, we also have the most popular section – the GST Compliance Calendar for December 2022 so that you never miss a GST due date.
Happy Reading!
Regards,
Meghana Pawar,
Editor, IRISGST Times
Latest GST News Updates
New changes in ITC Claims for GSTR 9 and invoice amendments until 30th November 2022. Read all the updates here: Top GST News of the month
Reader’s Choice of the Month
Our most popular article for the month is – 7 Major GST Changes October 2022 onwards. Click the link to know all the changes in detail!
Top Finance News of the Month
The pilot project for the digital rupee launches on December 1, 2022. Four major banks — State Bank of India, ICICI Bank, Yes Bank, and IDFC First Bank (in 4 cities) will issue digital tokens with the same amounts as paper money that can be used to send and receive payments.
GST Updates
E-invoice Generation: Steps for IRN Generation, Back-dated Invoices, Penalties
E-invoice generation has been a hot topic of discussion amongst the business community ever since the revolutionary e-invoicing mandate has been implemented in our country. Read the article to learn all it in detail.
What is B2B QR Code
The B2B QR Code, which was introduced in the new e-invoicing mandate, is an efficient way to provide and verify the credibility of an e-invoice under GST. Read all about E-invoice B2B QR Code here!
E-invoice B2C QR Code: Applicability, Penalty, Contents, Generation, Exemption and more
B2C QR Code was made mandatory by the government for businesses with an AATO of over INR 500 crores. It required them to display a QR code on every B2C e-invoice under GST along with B2B invoices.
E-invoice Generation: Steps for IRN Generation, Back-dated Invoices, Penalties
E-invoice generation has been a hot topic of discussion amongst the business community ever since the revolutionary e-invoicing mandate has been implemented in our country. Read the article to learn all it in detail.
What is B2B QR Code
The B2B QR Code, which was introduced in the new e-invoicing mandate, is an efficient way to provide and verify the credibility of an e-invoice under GST. Read all about E-invoice B2B QR Code here!
E-invoice B2C QR Code: Applicability, Penalty, Contents, Generation, Exemption and more
B2C QR Code was made mandatory by the government for businesses with an AATO of over INR 500 crores. It required them to display a QR code on every B2C e-invoice under GST along with B2B invoices.
Product Updates
IRIS IRP Developer Portal is now ready to welcome users!
IRIS IRP, the GSTN-authorized Invoice Registration Portal, is built to help esteemed solution providers and system integrators like you to design a seamless user journey for your customers.
IRIS IRP suite of APIs range from basic e-invoicing services to enhanced APIs to support specific business functions. We offer end-to-end solution for e-invoice management and beyond.
To start with, integrate the core APIs to keep as a backup to your current set-up ensuring uninterrupted e-invoice generation for your clients. And explore the enhanced APIs like data APIs to get e-invoice data, real-time for both suppliers and recipients.
IRIS API Developer Portal gives you access to:
- Core APIs for E-invoicing and E-way Bill generation
- Enhanced APIs for suppliers to retrieve data for extended duration
- Enhanced APIs for recipients to get their purchase e-invoices with supplier consent
- Extensive dashboard and reports
- Alerts and notifications
- Full-fledged Sandbox
- Comprehensive API Documentation
- Support
The ways of doing business are changing fast. Let us make your first step easy with IRIS IRP.
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 Sapphire and IRIS Onyx 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 last month of the year! Note: Taxpayers also need to start preparing for the annual return filing this month.
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 December 2022 so that you never miss a GST due date!
Click here to read: GST Due Dates – December 2022 Calendar
By C.A. Samaira Tolani
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