Around 69.5 lakh Invoice Reference Numbers (IRN)s have been generated by 71,000 users in the first week of implementation of goods and services tax (GST) e-invoicing system. 2- On the first day of the ...

Following the financial news carefully, you will remember that the overall turnover has been reduced to ₹5 crore from ₹10 crore. Does it apply to your enterprise? If yes, opting for an e-Invoice from ...

NEW DELHI: The GST e-invoice system on Monday announced the enforcement of a 30-day time limit for reporting invoices on e-invoice portals, effective November 1, 2023. The new time limit applies to ...

"Every eligible business must follow the steps given above strictly to avoid penal consequences." "An electronic invoice or e-invoice is a tax invoice declared by a GST-registered business with the ...

E-invoice, also known as an electronic invoice, is a digital document that is used to record a commercial transaction. The invoices are sent and received electronically and eliminating the need for ...

The current threshold for e-invoicing is Rs 10 crore Mid-sized and expanding small businesses will be brought under the norms Threshold lowered gradually over the years Starting August 1, businesses ...

Recently, the government announced implementing the fifth phase of e-invoicing to taxpayers with annual turnover of more than Rs 10 crore to Rs 20 crore. This phase shall begin on October 1, 2022, and ...

GST rules: The Goods and Services Tax Network (GSTN) has announced an update to the e-invoicing process for businesses. Effective April 1, 2025, taxpayers with an annual aggregate turnover (AATO) of ...

The GST Council, which will meet on 20 June, will take a final decision on the turnover threshold for issuance of e-invoice for B2B sales after consultation with states. Analysis of return filing ...

From Monday, come May 01, big GST assesses will have to be extra careful as the new invoicing rule is coming into effect. Under this, every assesses with a turnover of ₹100 crore or more is prohibited ...