Photo: The Indian Express

GST Council Mandates E-Invoice For Firms With Over Rs 5 Crore Turnover

After exempting e-commerce businesses with low turnovers from GST registration, the GST council has made e-invoicing mandatory for firms with a turnover above Rs 5 crore. The rule to be implemented from January next year, will also be applicable to businesses with a Rs 1 crore turnover in 2023. The move to completely make invoicing digital is aimed at ensuring compliance, after multiple cases of fake invoicing for GST fraud 

Tue, 11 Oct 2022 - 05:41 PM / by Varsha Joshi

Tags: GST Council, E-Invoice, Mandatory Rule, 2023, Indian Firms


Photo: Business Today

Indian Businesses to Get Tax E-Invoice; Techwave Consulting Inc. Introduces 'TAX-IN'

Techwave Consulting Inc., from Hyderabad, initiated ‘TAX-IN’, an e-invoice for the Indian market. This eases customer integration with the e-invoice (IRP), e-Waybill, and GSTIN Portal for all authentications and updates in real-time. TAX-IN will help the businesses ready to implement the changes easily. Reportedly, from October 1, e-invoicing will be mandatory for all Business-to-Business taxpayers who have… read-more

Mon, 31 Aug 2020 - 12:37 PM / by Mahadevan K V

Tags: Taxpayer, E-Invoice

Courtesy: ANI News