e-Invoicing in GST is the latest initiative by the Govt. Read our blogs to understand the importance of e-invoicing mechanism & how it works for the businesses.
The next phase of E-invoicing is here! For businesses with a turnover of more than INR 100 crores and less than INR 500 crores, 2021 seems to be exhilarating. The dawn of New Year mandated the much-touted E-invoicing for the sector. The sector is yet to see the actual benefits and challenges of E-invoicing implementation. …
Introduction The famous author Stewart Brand once said “Once a new technology rolls over you, if you are not a part of the steamroller you’re a part of the road.” Across the globe, organisations are quickly evolving. Significant progressions are being made in the field of technology; the tax function is also not left behind. …
Introduction E-invoicing is the new household word in the country which has caused a stir in recent times. The GST Council has rolled out the first phase of E-invoicing from 1 October 2020. While a lot has been said and discussed E-invoicing, there are certain grey areas that need to be addressed. One such area …
Change is the only constant – technology is an invincible tool that has changed our everyday life to an extent that it has become indispensable. A new addition to the technological revolution in India is the rollout of E-invoicing for businesses whose turnover is more than 500 crores. One month down the line, the experience …
Issues & Concerns Pertaining To E-invoicing Post 1st Oct 2020 Read More »
Amidst a lot of speculation, the Government has decided to go ahead with the E-Invoicing implementation for certain specified persons. E-invoicing is going to be implemented from 01 October 2020 for registered persons with a turnover exceeding the threshold of INR 500 Crores. Many requests have been submitted before the Board from the businesses and …
Government has notified e-invoicing schema (FORM GST INV-1) and the applicable threshold for the mandatory generation of e-invoices. The details have been summarised below: Threshold For E-Invoicing / Dynamic QR Code The threshold for e-invoicing has been increased to ₹500 crores of aggregate turnover in a financial year, computed on all India basis for B2B …
Government Notifies Revised E-Invoice Schema & Threshold E-Invoices Read More »
Making India Digital, a young yet dominant campaign of the Government is focusing on empowering the country digitally and improving its online infrastructure. ‘Power to Empower’ as we motto for a Digital India, is being further pushed forth by the Indian Tax Authorities. With the roll-out of GST in mid-2017, Indian Indirect Taxes has undergone …
Everything You Need to Know About the E-Invoicing System Read More »
*The information covered in our blog might change as per the new notifications from the government. You can drop an inquiry to discuss further with our team! E-Invoicing has become the hottest topic of discussion for all businesses and taxpayers. Beginning 1st Jan 2020, this game-changing, e-invoicing mechanism will be implemented on a voluntary basis …
E-Invoicing – All You need to Know, Questions Answered By Cygnet GSP Read More »
E-invoicing has been in discussions for a while. Several approaches were proposed by the GST council for feedback from the industry and tax professionals. Finally, in their 37th Meeting on 20th September 2019, they announced a mechanism for e-invoicing which will be applicable for all taxpayers starting from January 1st, 2020 on a voluntary basis. What is E-invoicing? Before …
New E-invoice System Under GST- Benefits & Workflow Read More »
