Clearing the fog about a major misconception surrounding the E-invoice generation, it is not mandatory for a taxpayer to generate E-invoice through the government’s tax portal.
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To start generating e-invoices, there are certain preparatory activities. Organizations can get started with these in parallel to getting their internal system and processes ready for e-invoices. In this article, we share all the important tasks that one needs to undertake before starting their e-invoicing journey.
Read all the latest E-invoicing notifications and updates here. All the notifications from the implementation of e-invoicing are covered in this article.
E-invoicing has been the biggest and one of the most talked-about changes when it comes to GST in 2020. Read all about E-invoicing and its applicability with following heads/parameters...
For taxpayers with AATO higher than or equal to 100 Cr, the Govt. has decided to impose a 7-day e-invoice generation limit on the e-invoice IRP portals. Read more...
The validations are categorized in 4 major buckets for better understanding. Here are the rules for e-invoicing that you must take care in order to avoid errors. Read more...
As a concept, e-invoicing has many advantages to offer to all the participants – suppliers, recipients and the Government. It also opens up avenues to provide value-added solutions and services by using the highly standard, processable and recent invoice data.
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.
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.
E-invoicing model has been adopted by many countries globally with varying implementation models. The Indian adoption consists of following components.
Falling Under The E-invoice Criteria? Here Are Mistakes To Avoid | E-invoice Preparation | E-invoicing in India | E-invoicing under GST
