‘E-Invoicing’ has been one of the most discussed topics for the past month and it has made its way to the to-do lists of all large corporates having GST aggregate turnover of more than ₹500 crore. The ...
After the introduction of e-Invoicing, many businesses aligned themselves with the e-Invoicing system. Majority of the businesses use custom ERP software solution to manage their sales and purchase ...
Starting April 1, 2025, businesses with an Annual Aggregate Turnover (AATO) of INR 10 crore or more must upload GST e-invoices to the Invoice Registration Portal (IRP) within 30 days of issuance.
No further relaxation is likely in terms of e-invoicing as the Centre is set to go ahead with the decision to make GST e-invoicing mandatory for companies with an annual turnover of over Rs 500 crore ...
After involving businesses with an aggregate above 5 Crore, the number of e-Invoicing subscribers has increased notably. This upsurge in the businesses eligible for e-Invoicing has also impacted the ...
The government will notify a new GST e-invoice scheme under which businesses with turnover of Rs 500 crore and above will generate all invoices on a centralised government portal starting October 1, ...
In an advisory, GSTN communicated the time limits with respect to reporting invoices on the e-invoice IRP portals, with effect from May 1, 2023. As per the advisory, taxpayers with PAN-based annual ...
Around 69.5 lakh Invoice Reference Numbers (IRN)s have been generated by 71,000 users in the first week of implementation of goods and services tax (GST) e-invoicing system. 2- On the first day of the ...
The current threshold for e-invoicing is Rs 10 crore Mid-sized and expanding small businesses will be brought under the norms Threshold lowered gradually over the years Starting August 1, businesses ...
NEW DELHI: An empowered panel of Goods and Services Tax (GST) Council has recommended excluding businesses with sales up to ₹500 crore from the compulsory e-invoicing of GST, to be rolled out from 1 ...
The GST e-invoicing will likely be mandatory for firms with a turnover of over Rs 5 crore from January 1, 2023, down from the current threshold of Rs 20 crore to further plug leakages, ensure better ...