April 17, 2021

Table of Contents Verifying the genuineness of the supplier via details mentioned on the tax invoice-(GST Verification) GSTIN Verification of the supplier Verification of the genuineness of the supplier via the GST portalFacility to search by GSTIN/ UIN of the supplierFacility to search by PAN of the

Read More

April 15, 2021

Table of Contents Who should be called a Defaulting Supplier?Possible Reasons for the Supplier to NOT file his ReturnsHow do I Identify Defaulting Suppliers?Purchase Data vs. GSTR-2B ReconciliationWhat happens if we don’t find the Defaulting Suppliers?In a Nutshell… Defaulting Suppliers can be a

Read More

April 10, 2021

Table of Contents Transaction Classification by the ERP SolutionSeparate B2B & B2C InvoicesIdentify IRN, QR Code in the e-Invoice GeneratedMandatory Fields as per e-Invoice SchemaReconciliation of GSTR-1 against Your Sales RecordsKeeping Trail of Cancelled InvoicesArchiving Your InvoicesTo Summarize Starting April 1st 2021, the

Read More

April 7, 2021

Table of Contents ERP System Integration e-InvoicingSeparating B2B from B2C Invoicese-Invoice Cancellation & Amendmente-Invoice vs. GSTR-1 ReconciliationB2C Invoices are Exempted From e-Invoice Generatione-Invoice Data ArchivingIT Infrastructure AvailabilityTo Summarize The government and the GST Council are making constant efforts to ease out the experience

Read More

April 7, 2021

e-Invoicing has now been familiar to all the businesses as the majority of the businesses are now falling under the ambit of e-invoicing under GST. w.e.f. 1st of April, 2021, all the businesses whose aggregate turnover falls above INR 50 Cr. annually, are eligible for e-Invoicing now. The plans of the Government seem to be going in

Read More