October 10, 2022
Table of Contents 1Can I modify the e-invoice?Are there any other possibilities? 2Is it possible to cancel an e-invoice?GST portal e-invoice cancellationIRP Functions: A Quick OverviewWhat is the IRP Amendment and CancellationWhat is GST portal amendment and cancellation?3In which cases cancellation of e-Invoice in GST doneCancel your e-invoiceDebit and credit notesGST Portal Modification4Cancellation of e-Invoice in
September 2, 2022
India’s 50 million small and medium-sized companies provide about 40% of the country’s GDP (MSMEs). In addition, the industry contributes to the nation’s industrial output, employment, and exports. e-Invoicing for MSMEs beneficial for the all small and medium sized firms, article speaks on 5 critical challenges business might be face in future.The daily operations of
August 19, 2022
Input tax credit fraud, which has become a significant problem for the government, will also be easier to spot, thanks to the GST authorities’ improved ability to analyse patterns and the utilisation of ITC across industries. Article briefly focused on e-invoicing new update which will be in effect from 1st October, e Invoice mandatory for
August 17, 2022
In the present article, we will understand the Penalty for Fake Invoice in GST and go through the recent departmental clarification relating to demand and as applicable under fake invoice. Fake Invoice and Departmental Clarification The term ‘fake invoice’ is not defined under the Goods and Services Tax (GST) law. However, any invoice will be
March 16, 2022
Table Of Contents 1What is e-Invoicing under GST?2Why was e Invoice under GST introduced?1. Elimination of fake Suppliers2. Backdated Invoice Generation has now been under check3E-Invoicing under GST and its ApplicabilityWho is not eligible for e-Invoicing?4e-Invoice Generation Process & e-Invoicing software5e-Invoice under GST Schema & e-Invoicing softwareWhat are the mandatory fields on e-Invoice?6Auto-population of e-Invoicing
February 25, 2022
E-Invoicing under GST limit has been revised. Read the latest update in this post. The Central Board of Indirect Taxes and Customs (CBIC) has issued a Notification No. 01/2022- Central Tax, dated 24th February 2022 notifying the taxpayers regarding the revised eligibility for e-Invoice generation under GST. This short e invoicing India article, discusses the recent