Tag: gst e-invoice
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. …
Taxpayers not to wait for auto-population of e-invoice details into GSTR-1 for months of Nov 2020 and Oct 2020 Update on auto-population of e-invoice details into GSTR-1 1. Certain notified taxpayers have been preparing and issuing invoices by obtaining Invoice Reference Number (IRN) from Invoice Registration Portal (IRP) …
GST e-invoicing made mandatory if turnover exceeds Rs. 100 Crores instead of Rs. 500 crores w.e.f. 01.01.2021 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 88/2020–Central Tax New Delhi, the 10th November, 2020 G.S.R. 704(E).—In exercise of the powers conferred by sub-rule (4) of …
GST e-invoicing – Relaxation and latest changes made by recent notifications e-invoicing – Relaxation and latest changes ‘e-invoicing’ for certain classes of taxpayers has come into effect from 1-10-2020. 2.Keeping in view the hardships faced by the taxpayers due to COVID-19 lockdown and as some of these taxpayers …
IRN to be obtained for Tax Invoices by uploading FORM GST INV-01 from 1st to 31st October MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 73/2020-Central Tax New Delhi, the 1st October, 2020 G.S.R.. 613(E).—In exercise of the powers conferred by section 148 …
