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Tax Budget: Budget 2024: How can Modi govt further give filip to tax administration using digital initiatives?

India s tax administration has undergone a significant transformation over the past decade, preparing the country for its Amrit Kaal . The number of income tax returns filed has increased by approximately 105% between FY 2013-14 and FY 2022-23, and the net direct tax collection is set to surpass Rs 19 lakh crore in FY 2023-24. ....

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E-way bill generation touched 6.42 crore in December, e-invoicing recorded over 6 crore IRN

6.03 crore GST e-invoices generated in Dec
January 02, 2021
e-Way bills cross 6.42 cr, indicating recovery in economy, higher tax mop-up
The Government on Saturday said over 6 crore Invoice Reference Numbers (IRN) were generated under e-invoicing system. At the same time e-Way bill generation touched 6.42 crore in December.
e-invoicing essentially involves reporting details of specified GST documents to a government-notified portal and obtaining a reference number. Earlier, e-invoicing was mandatory for business with ₹500-crore annual turnover, but from January 1 it is mandatory for business with annual turnover of ₹100 crore.
An e-Way bill is a kind of electronic challan which shows that tax has been fully paid before goods are moved from one place to other, within the State (intra-State) or outside the State (inter-State). It is required for carrying any consignment of goods of value exceeding ₹50,000. This threshold can be higher for intra-State activi ....

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GST e-invoice system completes 3 months; enabled over 37,000 taxpayers to generate more than 1680 lakh IRNs

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GST e-invoice system completes 3 months; enabled over 37,000 taxpayers to generate more than 1680 lakh IRNs
ANI |
Updated: Jan 02, 2021 17:39 IST
New Delhi [India], January 2 (ANI): Goods and Services Tax (GST) e-invoice system has completed journey of three months and has facilitated smooth transition of the tax payers to the new platform, according to the Ministry of Electronics and Information Technology (IT) on Saturday.
It has enabled over 37,000 tax payers to generate more than 1,680 lakh Invoice Reference Numbers (IRNs), during last three months from the NIC developed e-Invoice system.
Starting with 495 lakhs during October 2020, generation of e-invoice has increased to 589 lakhs in November 2020 and 603 lakhs in December 2020. ....

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GST E-Invoice System Enabled Over 37,000 Tax Payers To Generate Invoice Reference Numbers

Generation of e-invoice increased to 589 lakhs in November 2020 and 603 lakhs in December
Goods and Services Tax (GST) e-invoice system has completed journey of three months and has facilitated smooth transition of the tax payers to the new platform, according to the Ministry of Electronics and Information Technology (IT) on Saturday. It has enabled over 37,000 tax payers to generate more than 1,680 lakh Invoice Reference Numbers (IRNs), during last three months from the NIC developed e-Invoice system. Starting with 495 lakhs during October 2020, generation of e-invoice has increased to 589 lakhs in November 2020 and 603 lakhs in December 2020. Interestingly, the e-way bill generation from the NIC (National Informatics Centre) developed e-way bill system is also highest during September to December 2020 compared to same months of previous years. ....

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