Tag: gst e-invoice
Turnover threshold reduced to Rs. 5 crores for requirement of generating GST E-invoice w.e.f. 1st August 2023 GOVERNMENT OF INDIAMINISTRY OF FINANCE(DEPARTMENT OF REVENUE)CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS Notification No. 10/2023 –Central Tax New Delhi, the10th May, 2023 G.S.R…..(E).-In exercise of the powers conferred …
Extension of Time limit for Reporting old Invoices on the e-invoice IRP Portal for taxpayers with AATO greater than or equal to 100 crores.- GSTN Advisory GSTN vide its advisory dated 06.05.2023 has deferred the imposition of time limit of 7 days on reporting old e-invoices on the …
GSTN Advisory on HSN Code Reporting in e-Invoice on IRPs Portal As per the notification no. 78/2020 – Central Tax dated 15th October 2020. As per the above-said notification, it is now mandatory for taxpayers to report a minimum of six-digit valid HSN code for their outward supplies …
GSTN launches e-invoice registration services with private IRPs GSTN has launched the e-invoice registration services through multiple private IRPs at the recommendation of the GST Council. Four private companies viz. ClearTax, Cygnet, E&Y and IRIS Business Ltd were empaneled by GSTN for providing these e-invoice registration services to …
Launch of New GST e-Invoice Portal GSTN has launched four new IRPs (Invoice Reporting Portals) for reporting e-invoices in addition to NIC-IRP. As a result, the beta launch of a new e-Invoice portal (www.einvoice.gst.gov.in), has been done where taxpayers can find comprehensive information on e-invoice compliance in a …
Notification issued to implement e-invoicing for the taxpayers having aggregate turnover exceeding Rs. 10 Cr from 01st October, 2022 MINISTRY OF FINANCE(DEPARTMENT OF REVENUE)CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS Notification No. 17/2022–Central Tax New Delhi, the 1st August, 2022 G.S.R…..(E).–In exercise of the powers …
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 …
GSTN advises taxpayers not to wait for complete auto-population of e-invoices details in GSTR-1 and file GSTR-1 for March, 2021 by due date based on actual data as per their records. Auto-population of e-invoice details into GSTR-1 GSTN Advisory on Auto-population of e-invoice details into GSTR-1 1. For …
Turnover limit for GST e-invoicing further reduced to Rs. 50 Crores w.e.f. 1st day of April, 2021 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 05/2021–Central Tax New Delhi, the 8th March, 2021 G.S.R. 160(E).—In exercise of the powers conferred by …
Non auto-population of e-invoice details in GSTR-1. Taxpayers advised to file Form GSTR-1 for Dec 2020 1. From 1-10-2020, certain notified taxpayers have been issuing invoices after obtaining Invoice Reference Number (IRN) from Invoice Registration Portal (IRP) (commonly referred as ‘e-invoices’). From 1-1-2021, the taxpayers with aggregate turnover above Rs. …
