With this, more suppliers would be required to raise e-invoices with effect from April 1, 2022. If the invoice is not valid, input tax credit on the same cannot be availed by the recipient beside ...

Panaji: As part of an effort to plug revenue leakages and curb input tax credit frauds, businesses with an annual turnover of over Rs 20 crore will no.

The first requirement is that an electronic invoice, debit or credit note must contain the mandatory information as required by the Act for that type of document.

Businesses with turnover of over Rs 5 crore to generate e-invoice from August 1 The finance ministry through a notification dated May 10 has notified a reduction in threshold for e-invoicing.

This restriction would apply to all document types (Invoices/Credit Notes/Debit Notes) for which an IRN is to be generated," said GSTN in an advisory dated November 5, 2024.

Businesses with turnover of over Rs 20 crore will have to generate electronic invoice for B2B transactions from April 1, the Central Board of Indirect Taxes and Customs has said.

e-Invoicing for large GST assessees began on a high note with over 52 lakh counts notched up in the first six days of its launch. “On an average 10 lakh plus IRN (Invoice Reference Number) were ...

Finance secretary Bhushan Pandey, recently announced that e-invoice shall apply for B2B transactions for all the companies registered under GST from 1st April 2021.

69.5 lakh e-invoices generated in first week of launch Finance secretary Ajay Bhushan Pandey and other indirect tax officials reviewed the mechanism on Friday, finance ministry said in a statement.