e-Invoicing

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.

E-Invoicing Backward Integration Approach

E-invoicing backward integration approach

While there has been much discussion around issuing E-invoices and the regulatory requirements, the other side of the story remains largely undebated – The impact of E-invoicing from the purchaser’s point of view. Every invoice impacts two parties – the buyer and the seller.  Mainly, the responsibility of raising appropriate invoices rests on the seller …

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E-Invoicing: Phase II And Its Impact!

E-invoicing Phase II and its impact

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. …

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E-Invoicing: The Journey So Far!

E-Invoicing- The Journey So Far!

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. …

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Issues & Concerns Pertaining To E-invoicing Post 1st Oct 2020

Issues & Concerns surrounding E-invoicing Post 1st Oct 2020

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 …

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Government Notifies Revised E-Invoice Schema & Threshold E-Invoices

Updates on 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 …

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