GST e-invoicing turnover threshold reduced to Rs. 20 Crores from Rs. 50 crores.
Now, GST e-invoicing mandatory if turnover exceeds Rs. 20 Crores instead of Rs. 50 crores w.e.f. 01.04.2022.
CBIC has issued Notification No. 01/2022 –Central Tax dated 24.02.2022 lowering the turnover threshold for issue of GST e-invoice to Rs. 20 crores from Rs. 50 crores with effect from 1st April 2022.
Earlier the turnover threshold for GST e-invoicing was lowered to Rs. 50 Crores from Rs. 100 crores.
Assessee cannot be granted immunity from prosecution u/s 276B for late deposit of TDS merely because ultimately TDS was deposited…
Section 44C applies to exclusive expenditure on head office for the Indian branches incurred by non resident assessee’s. In a…
Compensation under motor vehicle Act to parents of child died attract a less multiplier than from that of a claim…
Extension of time limit for furnishing GSTR 3B under Delhi GST Act 2017 Department of Trade and Taxes(Policy and Research…
Acceptance of Audit Fee only through digital modes or banking channels from 01.04.2026 – ICAI revises Code of Ethics In…
High Court sets aside demand notices in respect of a period, for which the assessee had discharged tax liability under…