E-invoicing

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 »