Implemented in 2017, India’s GST system unified taxation and enhanced transparency. To verify a GST bill’s authenticity, consumers must check the GSTIN, invoice number and date, invoice value and tax ...
MSMEs can have free storage of e-invoices for access even beyond the GST portal's 24-hour deletion period without worry about data loss or lack of accessibility. (Image : Freepik) ...
Following the financial news carefully, you will remember that the overall turnover has been reduced to ₹5 crore from ₹10 crore. Does it apply to your enterprise? If yes, opting for an e-Invoice from ...
New Delhi: Goods and Services Tax (GST) authorities have dropped a plan to block generation of goods transportation permits, or e-way bills, from 1 March for companies that fail to produce 'e-invoices ...
The Court held that the penalty could not stand because the goods were accompanied by genuine documents and the e-way bill failure was due to a technical glitch. It ruled that no intention to evade ...
When the financial year closes, many businesses make bulk purchases in March to optimise their GST outflow, but experts warn that this strategy can backfire. CA Nitin Kaushik explains that input tax ...
The Court held that a penalty under Section 129 was unsustainable where the e-way bill had been generated before the goods were detained. It ruled that no intention to evade tax could be inferred when ...
The Allahabad High Court has held that under GST Act, the department cannot proceed against an assessee for transport of goods, if a genuine e-way bill is present along with the consignment.
Businesses with turnover above Rs 5 crore will not be able to generate e-way bill without including e-invoice details for all B2B transaction from March 1. Under the goods and services tax regime, ...
Consumers are reporting that the GST rate reductions on essential goods aren't being passed on to them. Overcharging violates the Legal Metrology Act, but consumers can file complaints through the NAA ...