Efficient GST E-Invoice Solutions Updated on: 24 August,2024 06:12 PM IST | Mumbai Buzz | [email protected] ...

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.

An e-invoice will be created using an enterprise’s current accounting and billing software being used. The procedure to create an e-invoice will be almost identical to the current process of ...

Generate E- Invoice under GST: Enterprises with more than Rs 5 crore turnover, from earlier Rs 10 crore, in any financial year will have to generate e-invoice for business-to-business (B2B ...

The GST e-invoicing system was implemented from October 1, 2020, for businesses with annual turnover of Rs 500 crore or more. It was later extended to businesses with over Rs 100 crore turnover ...

As per the GST guidelines, it will be mandatory for companies with a B2B transaction value of ₹ 5 crore, to produce an electronic invoice. Earlier, companies with an annual revenue of ₹ 10 ...

GST invoice verification: New advisory by GSTN in respect of availability of five official apps for e-invoice verification. Experts say that these apps solve a lot of problems like faster ...

“GSTR-1 and GSTR-3B will ultimately be phased out, once we fully operationalise the electronic invoice (e-invoice),” he said. In the normal course, the two GST returns (GSTRs) means 24 returns ...

The new GST electronic invoice system is aimed at reducing GST manipulations through fake invoices, but the changes that the government is bringing to the system are posing challenges to ...