CBIC Re-reminds about Four New Changes in GST
05.04.2021: Through the official twitter handle, CBIC has re-reminded about four new changes in GST.
Input Tax Credit Frauds: Challenges in 2021
Consistent efforts are being taken to sanitize the taxation system. However, there are cases of tax evasion, ITC frauds, and tax leakages being reported frequently.
E-Invoicing Under GST: Applicability of E-Invoicing
Business to Consumer (B2C) supplies can also be reported by notified persons?
No. This will be brought under e-invoicing in the next phase.
E-Invoicing in GST: Basic Aspects and Notifications Issued Till Date
As per Rule 48(4) of the CGST Rules, 2017, notified class of registered persons (as notified by issuing notifications from time to time) have to prepare invoice by uploading specified particulars of invoice in Form GST INV-01 on Invoice Registration Portal (IRP) and obtain an Invoice Reference Number (IRN).
GST E-Invoice Update: NIC Issues List of Businesses to which E-Invoice is Mandatory
This list consists of the details of the businesses for which e-invoice generation is made mandatory. The list shows about 70,000+ businesses for which e-Invoicing is made mandatory.
Auto-population of E-invoice Details into GSTR-1
Auto-population of E-invoice Details into GSTR-1 GSTN has informed on 13th November 2020 that E-invoice details will be auto-populated in GSTR-1. The full text is as follows : Certain notified...
Businesses to get 30 days to generate e-invoices for B2B transactions in October: CBIC
Central Board of Indirect Tax and Customs (CBIC) has said that Businesses will have 30 days' time to generate e-invoice for Business to Business transactions for the month of October,...