In today’s fast-evolving business landscape, staying compliant with tax regulations is crucial. The introduction of E-Invoicing in the GST regime has been a game-changer, streamlining the invoicing process and enhancing transparency. But how can you ensure that your vendors are E-Invoice compliant or subject to E-Invoicing? How to Check if a Vendor is E-Invoice Compliant? …
How to Check if a Vendor is E-Invoice Compliant? Read More »
In a recent update on June 12, 2023, the E-Way Bill/E-Invoice System has introduced a security enhancement called 2-Factor Authentication (2FA). This measure aims to ensure the utmost safety and integrity of the system. Starting from July 15 2023, 2-Factor Authentication mandatory for E-Invoice /E-Way Bill system for all taxpayers with an Annual Aggregate Turnover (AATO) above Rs 100 …
E-Way Bill is not required to be generated when an E-Invoice is generated. E-Invoice and E-Way Bill are separate documents under the GST regime in India, serving different purposes. E-Invoice is generated for recording the transaction details and creating a standardized electronic invoice format. It is generated through the Invoice Registration Portal (IRP) It contains …
Is E-Way bill required when E-invoice is generated? Read More »
From 1st Aug 2023, as per the latest government mandate, E-Invoicing will be mandatory for businesses with an annual aggregate turnover exceeding Rs.5 crores. This means that your organization with AATO exceeding Rs. 5 crores will now be required to generate and issue electronic invoices in compliance with the new regulations. It is crucial for …
Rule 138A of CGST Rules mentions Documents and devices to be carried by a person-in-charge of a conveyance. The documents include tax invoice, e-way bill, etc. However, if documents are carried in electronic form, is it suficient compliance? Case Details : GST- Production of invoice in physical form Case Related To : J. K. JAIN …
E-Invoicing (electronic invoicing) is the process of sending and receiving invoices electronically, usually in a standardized format that can be read by both the sender and the recipient’s accounting systems. With E-Invoicing, the invoice data is transmitted electronically between the sender and the recipient, which eliminates the need for manual data entry and reduces the …
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