e-Invoice has implemented on large enterprises having an annual turnover of INR 500 Crores and above. As per GST Notification 70/2020-Central Tax ,dated: 30-09-2020, the mandate has begun from October 1st 2020 and as per GST Notification 88/2020-Central Tax ,dated: 10-11-2020, the mandate will also apply for all businesses having an annual aggregated turnover of […]
Read moree-Invoicing or Electronic Invoicing under GST is a modernized method of dealing with B2B Invoices using an official and automated portal. e-Invoicing under GST has been implemented by the Government on large enterprises from October 2020. e-Invoicing is considered to be a success as it serves all its purposes well, which is why the government […]
Read moreReverse Charge Mechanism is a frequently occurring but complex provision of GST. Many businesses come across this situation at one point in time or the other. Which makes it important for you to be familiar with the concept, and understand how RCM really works. So, to make the job simpler for you we have explained […]
Read moreAfter continued deferment and discussions, the Government is finally implementing e-Invoices in India, under GST. e-Invoicing is already a part of the tax regimes of various countries such as Italy. In India, however, e-Invoicing under GST shall implement for large scale businesses first, from October 1st, 2020. Businesses will have to make changes to their […]
Read more‘Input Tax Credit’ is the reversal of the tax to a taxpayer, who has paid such tax on any goods or services that he utilized in his business. In other words, a taxpayer can claim the credit refund for the GST that he paid while buying any goods or services in the direct interest of […]
Read moreIntroduction of e-Invoicing – A Savior for Businesses The introduction to the idea of a new Electronic system of Invoicing to be put into place has Taxpayers, Businessmen and the Concerned people wondering what its’ effects shall be like on Businesses. Especially Businesses with an annual turnover of Rs. 100 Crores and above, as […]
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