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Businesses in India with an aggregate annual turnover of over Rs 100 crore will now have a time limit of 30 days to report e-invoices under the goods and services tax (GST) system. This decision by the GST Authority amends the previous proposal of a seven-day time limit, taking into account concerns raised by businesses.

Businesses in India with an aggregate annual turnover of over Rs 100 crore will now have a time limit of 30 days to report e-invoices under the goods and services tax (GST) system. This decision by the GST Authority amends the previous proposal of a seven-day time limit, taking into account concerns raised by businesses.

Move aimed at boosting collections and improving compliance under the GST, which has been a focus area for the tax authorities

GST e-invoicing will become mandatory for all businesses in India with an annual turnover of over INR 50 million starting August 1, 2023.

IRIS Business Services has announced the launch of IRIS Invoice Registration Portal, one of the first private invoice registration portals authorized by the government of India to authenticate B2B and export invoices along with credit/debit notes.

Mumbai (Maharashtra) [India], March 4 (ANI/PNN): Cygnet has been an approved GST Suvidha Provider (GSP) since the inception of GST. With significant amount of India's e-Invoice traffic processed via Cygnet's indirect tax compliance platform, and the success and experience Cygnet has had with large and medium-sized enterprises, their solutions are deep rooted and have transformed the TaxTech ecosystem over the years globally. The Goods and Services Tax Network (GSTN) has approved Cygnet a...

There are various ways to make tax compliance seamless, especially with GST and e-invoice integration using e-invoice software. This has been a transformational move by the Central Board of indirect taxes and customs. E-invoicing in India has helped in curbing tax evasions exceptionally and brought ease and efficiency to Goods and Services Tax and GST compliance. Not just this, but e-invoicing in India has joined the trend of countries all over the world that have adopted standards universally. ...

GST e-invoice for B2B transactions for entities in India with turnover of INR 100 million (INR 10 crore) and above to be mandatory from Oct 1.

The Indian government has reduced the threshold for mandatory issuance of e-invoice by businesses from INR 500 million to INR 200 million annual turnover.

GST e-Invoicing and time of supply provisions: Should they be in sync? SECTIONS GST e-Invoicing and time of supply provisions: Should they be in sync?By Rahul Aggarwal, ET CONTRIBUTORS Last Updated: Apr 17, 2021, 01:25 PM IST Share Synopsis The concept of e-invoicing at this scale is new in the Indian indirect tax environment and its impact on regular commercial practices has just started to emerge. iStock An invoice must be issued on or before the undertaking of certain events viz. delivery of...